Ouhua Energy Holdings (SGX:AJ2) ROCE % : 39.47% (As of Dec. 2023)

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What is Ouhua 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. Ouhua Energy Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 39.47%.

Ouhua Energy Holdings ROCE % Historical Data

The historical data trend for Ouhua 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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Ouhua Energy Holdings ROCE % Chart

Ouhua Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.72

12.08

25.97

27.51

12.76

Ouhua Energy Holdings 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															34.40	12.85	44.11	-12.51	39.47

Ouhua Energy Holdings ROCE % Calculation

Ouhua Energy Holdings'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 )
	=	8.263	/	( ( (157.578 - 95.82)	+	(195.008 - 127.216) )	/ 2 )
	=	8.263	/	( (61.758	+	67.792)	/ 2 )
	=	8.263	/	64.775
	=	12.76 %

Ouhua Energy Holdings'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 )
	=	23.562	/	( ( (168.109 - 116.505)	+	(195.008 - 127.216) )	/ 2 )
	=	23.562	/	( ( 51.604	+	67.792 )	/ 2 )
	=	23.562	/	59.698
	=	39.47 %

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

Ouhua Energy Holdings (SGX:AJ2) 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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Ouhua Energy Holdings (SGX:AJ2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Ouhua Energy Holdings Ltd (SGX:AJ2) » Definitions » ROCE %

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Address

Long Wan Suo Cheng Town, Raoping County, Guangdong Province, Chaozhou, CHN

Website

http://www.ohwa.com.sg

Ouhua Energy Holdings Ltd through its subsidiaries is engaged in the import, processing, storage and distribution of LPG in China and Asia Pacific region. The company imports its raw materials, butane, and propane, from suppliers overseas and processes these into LPG for sale to customers. Its customers include lower-tier gas distributors and contract distributors. Geographically, it derives maximum revenue from the PRC.

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