Beijing Jingneng Thermal Co (SZSE:002893) ROCE % : 59.62% (As of Mar. 2024)

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What is Beijing Jingneng Thermal 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. Beijing Jingneng Thermal Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 59.62%.

Beijing Jingneng Thermal Co ROCE % Historical Data

The historical data trend for Beijing Jingneng Thermal 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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Beijing Jingneng Thermal Co ROCE % Chart

Beijing Jingneng Thermal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.75

7.05

7.77

8.10

7.87

Beijing Jingneng Thermal 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															96.08	-33.33	-37.14	10.61	59.62

Beijing Jingneng Thermal Co ROCE % Calculation

Beijing Jingneng Thermal 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 )
	=	84.496	/	( ( (2072.201 - 1278.374)	+	(2406.5 - 1052.617) )	/ 2 )
	=	84.496	/	( (793.827	+	1353.883)	/ 2 )
	=	84.496	/	1073.855
	=	7.87 %

Beijing Jingneng Thermal 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 )
	=	858.312	/	( ( (2406.5 - 1052.617)	+	(2120.695 - 595.428) )	/ 2 )
	=	858.312	/	( ( 1353.883	+	1525.267 )	/ 2 )
	=	858.312	/	1439.575
	=	59.62 %

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

Beijing Jingneng Thermal Co (SZSE:002893) 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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Beijing Jingneng Thermal Co (SZSE:002893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Beijing Jingneng Thermal Co Ltd (SZSE:002893) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

186 South Fourth Ring Road, Room 01, 5th Floor, Building 4, District 3, Fengtai District, Beijing, CHN, 100160

Website

http://www.huatongreli.com

Beijing Jingneng Thermal Co Ltd is an energy management company. It is engaged in the provision of heat supply and energy saving technology services. Its business model includes heating project investment and heating contracting operation, contract energy management, heating and energy-saving technology research and development, and heating management consulting services.

Executives

Hou Yan Feng	Executives
Chen Xiu Ming	Director
Wang Jing	Supervisors

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