China Aviation Oil (Singapore) (SGX:G92) ROCE % : 9.39% (As of Dec. 2023)

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What is China Aviation Oil (Singapore) 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 Aviation Oil (Singapore)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 9.39%.

China Aviation Oil (Singapore) ROCE % Historical Data

The historical data trend for China Aviation Oil (Singapore)'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 Aviation Oil (Singapore) ROCE % Chart

China Aviation Oil (Singapore) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.19

6.93

5.01

4.11

6.99

China Aviation Oil (Singapore) 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															3.84	4.96	3.32	4.74	9.39

China Aviation Oil (Singapore) ROCE % Calculation

China Aviation Oil (Singapore)'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 )
	=	88.212	/	( ( (2027.184 - 784.623)	+	(2381.147 - 1100.955) )	/ 2 )
	=	88.212	/	( (1242.561	+	1280.192)	/ 2 )
	=	88.212	/	1261.3765
	=	6.99 %

China Aviation Oil (Singapore)'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 )
	=	118.29	/	( ( (2381.29 - 1142.574)	+	(2381.147 - 1100.955) )	/ 2 )
	=	118.29	/	( ( 1238.716	+	1280.192 )	/ 2 )
	=	118.29	/	1259.454
	=	9.39 %

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

China Aviation Oil (Singapore) (SGX:G92) 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 Aviation Oil (Singapore) ROCE % Related Terms

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China Aviation Oil (Singapore) (SGX:G92) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Aviation Oil (Singapore) Corp Ltd (SGX:G92) » Definitions » ROCE %

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Traded in Other Exchanges

VZ8:Germany

Address

8 Temasek Boulevard, No. 31-02 Suntec Tower Three, Singapore, SGP, 038988

Website

https://www.caosco.com

China Aviation Oil (Singapore) Corp Ltd provides transportation fuels. With the core business involving the supply and trading of jet fuel across China and internationally, covering Asia-Pacific, North America, Europe, and the Middle East, the company also trades other oil products, which include fuel oil, gas oil, aviation gas, and crude oil in the Asia-Pacific region. The company operates in three segments: Middle Distillates, Other Oil Products, and Investments in Oil-Related Assets. The Middle Distillates segment engages in supplying and trading jet fuel and gas oil. Other oil products segment is into fuel oil, crude oil, and gasoline supply and trading.

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