Hunan Heshun Petroleum Co (SHSE:603353) ROCE % : 3.30% (As of Mar. 2024)

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What is Hunan Heshun Petroleum Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Hunan Heshun Petroleum Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.30%.

Hunan Heshun Petroleum Co ROCE % Historical Data

The historical data trend for Hunan Heshun Petroleum Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hunan Heshun Petroleum Co ROCE % Chart

Hunan Heshun Petroleum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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36.76

19.05

7.02

7.87

4.54

Hunan Heshun Petroleum Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.74	4.88	8.21	1.17	3.30

Hunan Heshun Petroleum Co ROCE % Calculation

Hunan Heshun Petroleum Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	87.182	/	( ( (2329.003 - 380.103)	+	(2222.696 - 328.832) )	/ 2 )
	=	87.182	/	( (1948.9	+	1893.864)	/ 2 )
	=	87.182	/	1921.382
	=	4.54 %

Hunan Heshun Petroleum Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	62.684	/	( ( (2222.696 - 328.832)	+	(2178.84 - 275.141) )	/ 2 )
	=	62.684	/	( ( 1893.864	+	1903.699 )	/ 2 )
	=	62.684	/	1898.7815
	=	3.30 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Hunan Heshun Petroleum Co (SHSE:603353) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Hunan Heshun Petroleum Co ROCE % Related Terms

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Hunan Heshun Petroleum Co (SHSE:603353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hunan Heshun Petroleum Co Ltd (SHSE:603353) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wanjiali Middle Road, Heshun Building, No. 58 Section 2, Yuhua District, Hunan Province, Changsha, CHN, 410016

Website

http://www.hnhsjt.com

Hunan Heshun Petroleum Co Ltd is engaged in the wholesale and retail of gasoline and diesel, gas station and convenience store operations, refined oil storage, refined oil logistics distribution, and investment and construction of gas stations and oil depots.

Executives

Long Xiao Zhen	Director
Yu Mei Ling	senior management
Ceng Yue	senior management
Wu Li Yu	Director
Zhao Xiong	Director

Hunan Heshun Petroleum Co (SHSE:603353) Headlines

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