Huaneng Lancang River Hydropower (SHSE:600025) ROCE % : 5.13% (As of Mar. 2024)

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What is Huaneng Lancang River Hydropower 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. Huaneng Lancang River Hydropower's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.13%.

Huaneng Lancang River Hydropower ROCE % Historical Data

The historical data trend for Huaneng Lancang River Hydropower'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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Huaneng Lancang River Hydropower ROCE % Chart

Huaneng Lancang River Hydropower Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.13

6.74

7.50

8.20

7.53

Huaneng Lancang River Hydropower Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.33	9.08	14.06	4.66	5.13

Huaneng Lancang River Hydropower ROCE % Calculation

Huaneng Lancang River Hydropower'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 )
	=	12199.884	/	( ( (181631.02 - 23989.16)	+	(195239.265 - 29038.889) )	/ 2 )
	=	12199.884	/	( (157641.86	+	166200.376)	/ 2 )
	=	12199.884	/	161921.118
	=	7.53 %

Huaneng Lancang River Hydropower's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	8525.052	/	( ( (195239.265 - 29038.889)	+	(196681.285 - 30533.965) )	/ 2 )
	=	8525.052	/	( ( 166200.376	+	166147.32 )	/ 2 )
	=	8525.052	/	166173.848
	=	5.13 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Huaneng Lancang River Hydropower (SHSE:600025) 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.

Huaneng Lancang River Hydropower ROCE % Related Terms

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Huaneng Lancang River Hydropower (SHSE:600025) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Huaneng Lancang River Hydropower Inc (SHSE:600025) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1 Century City Middle Road, Guandu District, Kunming, CHN, 650214

Website

http://www.hnlcj.cn

Huaneng Lancang River Hydropower Inc is engaged in the development and operation of Lancang River and the surrounding areas of hydropower resources. The company is also engaged in the exploration of solar photovoltaic, wind power, shale gas and other new energy construction.

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