China Pipe Group (HKSE:00380) ROCE % : 8.97% (As of Dec. 2023)

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What is China Pipe 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 Pipe Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.97%.

China Pipe Group ROCE % Historical Data

The historical data trend for China Pipe 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 Pipe Group ROCE % Chart

China Pipe Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.55

6.06

10.35

8.77

9.80

China Pipe Group Semi-Annual Data
	Jun14	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															11.88	11.49	5.97	10.63	8.97

China Pipe Group ROCE % Calculation

China Pipe Group'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 )
	=	75.584	/	( ( (902.372 - 149.918)	+	(950.129 - 160.141) )	/ 2 )
	=	75.584	/	( (752.454	+	789.988)	/ 2 )
	=	75.584	/	771.221
	=	9.80 %

China Pipe Group'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	70.1	/	( ( (951.364 - 178.794)	+	(950.129 - 160.141) )	/ 2 )
	=	70.1	/	( ( 772.57	+	789.988 )	/ 2 )
	=	70.1	/	781.279
	=	8.97 %

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

China Pipe Group (HKSE:00380) 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 Pipe Group ROCE % Related Terms

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China Pipe Group (HKSE:00380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Pipe Group Ltd (HKSE:00380) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

193 Prince Edward Road West, Tower II, Unit 1010-1016, Level 10, Grand Century Place, Mongkok, Kowloon, Hong Kong, HKG

Website

http://www.softpower.hk

China Pipe Group Ltd is principally engaged in the trading of construction materials, mainly pipes, and fittings. It is engaged in the segment of Trading of pipes and fittings. It includes wholesale, retail, and logistics operations substantially in Hong Kong and Macau. The group derives revenue from Hong Kong, Macau, and Mainland China, of which prime revenue is derived from Hong Kong.

Executives

Singapore Zhongxin Investment Company Limited	2101 Beneficial owner
Lai Guanglin	2101 Beneficial owner
Li Juan	2202 Interest of your spouse
Lai Guanglin	2201 Interest of corporation controlled by you
Qu Zhi	2101 Beneficial owner

China Pipe Group (HKSE:00380) Headlines

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