SINOPEC Engineering (Group) Co (HKSE:02386) ROCE % : 7.96% (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is SINOPEC Engineering (Group) Co 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. SINOPEC Engineering (Group) Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.96%.

SINOPEC Engineering (Group) Co ROCE % Historical Data

The historical data trend for SINOPEC Engineering (Group) Co'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.

* Premium members only.

SINOPEC Engineering (Group) Co ROCE % Chart

SINOPEC Engineering (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

9.87

10.51

8.72

8.49

8.61

SINOPEC Engineering (Group) Co 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															6.57	10.23	7.18	9.36	7.96

SINOPEC Engineering (Group) Co ROCE % Calculation

SINOPEC Engineering (Group) Co'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 )
	=	3102.063	/	( ( (87865.864 - 51899.638)	+	(88560.729 - 52467.211) )	/ 2 )
	=	3102.063	/	( (35966.226	+	36093.518)	/ 2 )
	=	3102.063	/	36029.872
	=	8.61 %

SINOPEC Engineering (Group) Co'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 )
	=	2854.748	/	( ( (84328.306 - 48721.576)	+	(88560.729 - 52467.211) )	/ 2 )
	=	2854.748	/	( ( 35606.73	+	36093.518 )	/ 2 )
	=	2854.748	/	35850.124
	=	7.96 %

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

SINOPEC Engineering (Group) Co (HKSE:02386) 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.

SINOPEC Engineering (Group) Co ROCE % Related Terms

Thank you for viewing the detailed overview of SINOPEC Engineering (Group) Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

SINOPEC Engineering (Group) Co (HKSE:02386) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » SINOPEC Engineering (Group) Co Ltd (HKSE:02386) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SENGF:USA

Address

Shenggu Middle Road, No. 8 Building, Shenggu Home, Chaoyang District, Beijing, CHN, 100029

Website

http://www.segroup.cn

SINOPEC Engineering (Group) Co Ltd is a wholly owned subsidiary of the Sinopec Group, a Chinese company. The group provides integrated engineering services and technical patents for domestic and international refining and chemical engineering businesses. The group mainly contains four segments: engineering, consulting and licensing; engineering, procurement and construction (EPC) contracting; construction; and equipment manufacturing. The company generates most of its revenue from the EPC contracting segment. Geographically, the business presence of the group is primarily seen in China, Malaysia, Kuwait, and Saudi Arabia.

SINOPEC Engineering (Group) Co (HKSE:02386) Headlines

No Headlines