China Petroleum Engineering Co (SHSE:600339) ROCE % : 0.25% (As of Dec. 2023)

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What is China Petroleum Engineering 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. China Petroleum Engineering Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.25%.

China Petroleum Engineering Co ROCE % Historical Data

The historical data trend for China Petroleum Engineering 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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China Petroleum Engineering Co ROCE % Chart

China Petroleum Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.29

6.06

3.73

5.00

5.39

China Petroleum Engineering Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.51	5.41	10.74	5.58	0.25

China Petroleum Engineering Co ROCE % Calculation

China Petroleum Engineering 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 )
	=	1558.954	/	( ( (107145.719 - 79507.491)	+	(107568.841 - 77316.443) )	/ 2 )
	=	1558.954	/	( (27638.228	+	30252.398)	/ 2 )
	=	1558.954	/	28945.313
	=	5.39 %

China Petroleum Engineering Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	75.336	/	( ( (106392.058 - 75913.238)	+	(107568.841 - 77316.443) )	/ 2 )
	=	75.336	/	( ( 30478.82	+	30252.398 )	/ 2 )
	=	75.336	/	30365.609
	=	0.25 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

China Petroleum Engineering Co (SHSE:600339) 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.

China Petroleum Engineering Co ROCE % Related Terms

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China Petroleum Engineering Co (SHSE:600339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Petroleum Engineering Co Ltd (SHSE:600339) » Definitions » ROCE %

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Address

Courtyard 5, Anding Road, Hengyi Building, Building 2, Chaoyang District, Beijing, CHN, 100029

Website

http://www.600339.cc

China Petroleum Engineering Co Ltd provides surface facilities to petroleum upstream industry. The company's services include planning through front end engineering design to engineering, procurement, construction and project management consultancy for surface facilities, pipelines, buildings, water treatment facilities, highways, and infrastructure. The firm operates projects in China as well as in the overseas markets such as the Middle East, Central Asia, North Africa, America, Australia, and Europe.

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