Xinte Energy Co (HKSE:01799) ROCE % : 25.51% (As of Jun. 2023)

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What is Xinte Energy 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. Xinte Energy Co's annualized ROCE % for the quarter that ended in Jun. 2023 was 25.51%.

Xinte Energy Co ROCE % Historical Data

The historical data trend for Xinte Energy 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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Xinte Energy Co ROCE % Chart

Xinte Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.13

5.73

20.91

35.96

14.06

Xinte Energy Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial														28.73	34.80	38.64	25.51	2.99

Xinte Energy Co ROCE % Calculation

Xinte Energy Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	19656.263	/	( ( (71262.621 - 23605.611)	+	(88393.092 - 26739.34) )	/ 2 )
	=	19656.263	/	( (47657.01	+	61653.752)	/ 2 )
	=	19656.263	/	54655.381
	=	35.96 %

Xinte Energy Co's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	16273.134	/	( ( (88393.092 - 26739.34)	+	(92233.18 - 26309.056) )	/ 2 )
	=	16273.134	/	( ( 61653.752	+	65924.124 )	/ 2 )
	=	16273.134	/	63788.938
	=	25.51 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Xinte Energy Co (HKSE:01799) 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.

Xinte Energy Co ROCE % Related Terms

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Xinte Energy Co (HKSE:01799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Xinte Energy Co Ltd (HKSE:01799) » Definitions » ROCE %

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9M7:Germany

Address

No. 2249, Zhongxin Street, Ganquanpu Economic and Technological Development Zone, Xinjiang, Urumqi, CHN

Website

https://www.xinteenergy.com

Xinte Energy Co Ltd is engaged in the manufacturing of solar-grade polysilicon and photovoltaic project developers. It operates in four segments: Polysilicon, Construction of wind power & PV power plants, Operation of wind power & PV power plants, and Others. Other segments mainly comprise businesses including manufacturing and sales of the inverter, flexible direct current transmission converter valve, SVG, and other miscellaneous services. Business activity functions in the region of China.

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