AAG Energy Holdings (FRA:AAN) ROCE % : 23.03% (As of Dec. 2022)

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What is AAG Energy Holdings 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. AAG Energy Holdings's annualized ROCE % for the quarter that ended in Dec. 2022 was 23.03%.

AAG Energy Holdings ROCE % Historical Data

The historical data trend for AAG Energy Holdings'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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AAG Energy Holdings ROCE % Chart

AAG Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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10.43

15.79

11.60

17.74

23.68

AAG Energy Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
ROCE %	Get a 7-Day Free Trial													10.45	16.34	18.98	25.42	23.03

AAG Energy Holdings ROCE % Calculation

AAG Energy Holdings'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 )
	=	244.357	/	( ( (1123.524 - 137.52)	+	(1260.579 - 182.495) )	/ 2 )
	=	244.357	/	( (986.004	+	1078.084)	/ 2 )
	=	244.357	/	1032.044
	=	23.68 %

AAG Energy Holdings's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	242.936	/	( ( (1189.38 - 157.888)	+	(1260.579 - 182.495) )	/ 2 )
	=	242.936	/	( ( 1031.492	+	1078.084 )	/ 2 )
	=	242.936	/	1054.788
	=	23.03 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

AAG Energy Holdings (FRA:AAN) 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.

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AAG Energy Holdings (FRA:AAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » AAG Energy Holdings Ltd (FRA:AAN) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

183 Queen’s Road Central, Unit 2506, 25th Floor, Cosco Tower, Sheung Wan, Hong Kong, HKG

Website

http://www.aagenergy.com

AAG Energy Holdings Ltd is an international energy company. It is engaged in the exploration, development, and production of coalbed methane (CBM) in the People's Republic of China. Its operating assets, the Panzhuang and Mabi concessions are located in the Southwestern part of the Qinshui Basin, which boasts CBM geological reserves of any basin in China. The Group conducts its business through two Production Sharing Contracts entered into with China United Coalbed Methane Corporation Ltd and China National Petroleum Corporation for Panzhuang and Mabi concessions respectively in Qinshui Basin, Shanxi Province of the PRC.