China HK Power Smart Energy Group (China HK Power Smart Energy Group) ROCE % : -13.82% (As of Sep. 2023)

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What is China HK Power Smart Energy Group 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 HK Power Smart Energy Group's annualized ROCE % for the quarter that ended in Sep. 2023 was -13.82%.

China HK Power Smart Energy Group ROCE % Historical Data

The historical data trend for China HK Power Smart Energy Group'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 HK Power Smart Energy Group ROCE % Chart

China HK Power Smart Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-22.46

-10.56

-20.69

-20.51

China HK Power Smart Energy Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-17.74	-23.85	-16.86	-25.47	-13.82

China HK Power Smart Energy Group ROCE % Calculation

China HK Power Smart Energy Group's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-18.855	/	( ( (202.833 - 95.477)	+	(170.472 - 93.944) )	/ 2 )
	=	-18.855	/	( (107.356	+	76.528)	/ 2 )
	=	-18.855	/	91.942
	=	-20.51 %

China HK Power Smart Energy Group's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-10.924	/	( ( (170.472 - 93.944)	+	(167.71 - 86.13) )	/ 2 )
	=	-10.924	/	( ( 76.528	+	81.58 )	/ 2 )
	=	-10.924	/	79.054
	=	-13.82 %

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

China HK Power Smart Energy Group (OTCPK:CHNTF) 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 HK Power Smart Energy Group ROCE % Related Terms

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China HK Power Smart Energy Group (China HK Power Smart Energy Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China HK Power Smart Energy Group Ltd (OTCPK:CHNTF) » Definitions » ROCE %

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00931:Hong Kong

Address

33 Garden Road, St. John's Building, 8th Floor, Central, Hong Kong, HKG

Website

https://www.chinalng.todayir.com/en/index.php

China HK Power Smart Energy Group Ltd Formerly China LNG Group Ltd is engaged in the development of new energy businesses, which include investment, construction & operation of liquefied natural gas infrastructure, and financial leasing services. Its segments include financial services through finance leasing services for LNG vehicles, vessels, and equipment, provision of LNG in the downstream market, provision of commercial vehicle platform services, trading of securities, properties investment, and financial services through the provision of money lending business & LNG business which is Sales & distribution of LNG including wholesale of LNG, point-to-point supply of LNG, LNG pipeline network and provision of LNG logistic services in the PRC. The majority of revenue is from LNG business.

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