Yuan Heng Gas Holdings (HKSE:00332) ROCE % : 7.78% (As of Sep. 2023)

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What is Yuan Heng Gas 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. Yuan Heng Gas Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 7.78%.

Yuan Heng Gas Holdings ROCE % Historical Data

The historical data trend for Yuan Heng Gas 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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Yuan Heng Gas Holdings ROCE % Chart

Yuan Heng Gas Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.27

3.92

11.70

12.66

4.07

Yuan Heng Gas Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															15.83	10.00	16.67	-9.41	7.78

Yuan Heng Gas Holdings ROCE % Calculation

Yuan Heng Gas Holdings'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 )
	=	78.109	/	( ( (4234.757 - 2274.989)	+	(4336.09 - 2461.092) )	/ 2 )
	=	78.109	/	( (1959.768	+	1874.998)	/ 2 )
	=	78.109	/	1917.383
	=	4.07 %

Yuan Heng Gas Holdings'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 )
	=	136.634	/	( ( (4336.09 - 2461.092)	+	(3760.886 - 2124.529) )	/ 2 )
	=	136.634	/	( ( 1874.998	+	1636.357 )	/ 2 )
	=	136.634	/	1755.6775
	=	7.78 %

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

Yuan Heng Gas Holdings (HKSE:00332) 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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Yuan Heng Gas Holdings (HKSE:00332) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Yuan Heng Gas Holdings Ltd (HKSE:00332) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

16 Harcourt Road, Room 4102, 41st Floor, Far East Finance Centre, Hong Kong, HKG

Website

https://www.yuanhenggas.com

Yuan Heng Gas Holdings Ltd is an investment holding company. The company's operating segment includes production and sales of LNG, oil and gas transactions, and piped gas. The majority of the revenue is generated from oil and gas transactions. Its geographical segments include the People's Republic of China(PRC), Hong Kong, and Singapore, of which the majority of the revenue comes from PRC.

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