Sino Gas Holdings Group (HKSE:01759) ROCE % : 7.81% (As of Dec. 2023)

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What is Sino Gas Holdings 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. Sino Gas Holdings Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.81%.

Sino Gas Holdings Group ROCE % Historical Data

The historical data trend for Sino Gas Holdings 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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Sino Gas Holdings Group ROCE % Chart

Sino Gas Holdings Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.93

6.18

8.35

5.64

6.12

Sino Gas Holdings Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											10.20	5.91	5.72	4.49	7.81

Sino Gas Holdings Group ROCE % Calculation

Sino Gas Holdings 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 )
	=	27.564	/	( ( (1058.554 - 607.966)	+	(1045.534 - 595.812) )	/ 2 )
	=	27.564	/	( (450.588	+	449.722)	/ 2 )
	=	27.564	/	450.155
	=	6.12 %

Sino Gas Holdings 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 )
	=	34.976	/	( ( (1512.739 - 1066.66)	+	(1045.534 - 595.812) )	/ 2 )
	=	34.976	/	( ( 446.079	+	449.722 )	/ 2 )
	=	34.976	/	447.9005
	=	7.81 %

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

Sino Gas Holdings Group (HKSE:01759) 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.

Sino Gas Holdings Group ROCE % Related Terms

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Sino Gas Holdings Group (HKSE:01759) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sino Gas Holdings Group Ltd (HKSE:01759) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

13 Haian Road, Room 3103, Block A1, Caifu Shi Ji Plaza, Tianhe District, Guangzhou, CHN

Website

https://www.sinogasholdings.com

Sino Gas Holdings Group Ltd is an integrated LPG and natural gas supplier in China. The company's segments include Retail and Wholesale. The Retail segment generates revenue from the sale of LPG, CNG, and LNG to vehicular end users by operating gas refueling stations, industrial customers, and bottled LPG end-users whereas, the Wholesale segment generates revenue from the sale of LPG, CNG, and LNG to gas merchants. The firm generates a majority of its revenue from the Wholesale segment in the People's Republic of China.

Executives

China Full Limited	2101 Beneficial owner
Petrochemical Gas Group Limited	2201 Interest of corporation controlled by you
Sino Gas Holdings Group Limited	2201 Interest of corporation controlled by you
Ubs Trustees (b.v.i.) Limited	2301 Trustee
Petrochemical Gas Energy Group Limited	2101 Beneficial owner
Petrochemical Gas Energy Limited	2101 Beneficial owner
Ji Guang	2501 Other
Yang Ling	2202 Interest of your spouse

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