ELION ENERGY CO (SHSE:600277) ROCE % : 0.40% (As of Mar. 2024)

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What is ELION ENERGY 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. ELION ENERGY CO's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.40%.

ELION ENERGY CO ROCE % Historical Data

The historical data trend for ELION ENERGY 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.

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ELION ENERGY CO ROCE % Chart

ELION ENERGY CO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.82

5.46

3.54

5.22

-1.26

ELION ENERGY CO 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															2.33	-1.48	5.32	-11.38	0.40

ELION ENERGY CO ROCE % Calculation

ELION ENERGY 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 )
	=	-314.056	/	( ( (35131.89 - 9631.234)	+	(31344.909 - 7136.812) )	/ 2 )
	=	-314.056	/	( (25500.656	+	24208.097)	/ 2 )
	=	-314.056	/	24854.3765
	=	-1.26 %

ELION ENERGY CO'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 )
	=	95.496	/	( ( (31344.909 - 7136.812)	+	(31003.128 - 7160.343) )	/ 2 )
	=	95.496	/	( ( 24208.097	+	23842.785 )	/ 2 )
	=	95.496	/	24025.441
	=	0.40 %

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

ELION ENERGY CO (SHSE:600277) 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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ELION ENERGY CO (SHSE:600277) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » ELION ENERGY CO LTD (SHSE:600277) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.15 Guanghua Road, Elion Eco-plaza, Chaoyang District, Beijing, CHN

Website

http://www.elion.cn

ELION ENERGY CO LTD is a China-based company engaged in businesses of Ecosystem, Energy, and Finance. Ecosystem business, the company adopts biological and ecological techniques to restore desertified, rocky, salinized, alkalized and degraded land and to improve the environment of western deserts, which includes national ecological projects. In Energy business, the company developed Micro-fine Coal Atomization which has improved combustion efficiency and thermal efficiency and minimizes coal consumption, achieving efficient and clean use of coal and reducing pollutants. In the Finance business, the company intends to build a green finance platform that contains funds, trusts, credit investigation, third-party payment, finance companies, insurance and carbon finance.

Executives

Jiang Yong	Director
Tian Ji Sheng	Director
Liu Jiang Tao	Director
Xu Wei Hui	Director
Ai Hong Gang	senior management
Gao Zhi Jun	senior management
Du Pu	senior management
Zhang Su Wei	Director

ELION ENERGY CO (SHSE:600277) Headlines

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