Shuifa Energas Gas Co (SHSE:603318) ROCE % : 12.35% (As of Mar. 2024)

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What is Shuifa Energas Gas 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. Shuifa Energas Gas Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.35%.

Shuifa Energas Gas Co ROCE % Historical Data

The historical data trend for Shuifa Energas Gas 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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Shuifa Energas Gas Co ROCE % Chart

Shuifa Energas Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.35

4.95

9.22

14.22

11.47

Shuifa Energas Gas 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															12.01	10.49	9.96	14.29	12.35

Shuifa Energas Gas Co ROCE % Calculation

Shuifa Energas Gas 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 )
	=	297.747	/	( ( (4456.601 - 1906.456)	+	(4561.908 - 1922.265) )	/ 2 )
	=	297.747	/	( (2550.145	+	2639.643)	/ 2 )
	=	297.747	/	2594.894
	=	11.47 %

Shuifa Energas Gas 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 )
	=	325.36	/	( ( (4561.908 - 1922.265)	+	(4507.458 - 1878.342) )	/ 2 )
	=	325.36	/	( ( 2639.643	+	2629.116 )	/ 2 )
	=	325.36	/	2634.3795
	=	12.35 %

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

Shuifa Energas Gas Co (SHSE:603318) 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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Shuifa Energas Gas Co (SHSE:603318) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shuifa Energas Gas Co Ltd (SHSE:603318) » Definitions » ROCE %

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Address

No.73, Zhenpeng Industrial City, Economic and Technological Development Zone, Liaoning Province, Dalian, CHN, 250100

Website

http://www.energas.cn

Shuifa Energas Gas Co Ltd formerly Dalian Energas Gas-System Co Ltd is engaged in the design, production, sales, and services of related products in the field of gas transmission and distribution and gas applications. The products and services of the company include gas transmission and distribution systems which include pressure regulating stations, long-distance pipelines, and distribution system equipment, gas application systems which include gas turbine auxiliary equipment, gas turbine MSD pipelines, and steam turbine steam seal pipelines, and spare parts.

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