Top Resource Energy Co (SZSE:300332) ROCE % : 8.75% (As of Mar. 2024)

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What is Top Resource 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. Top Resource Energy Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.75%.

Top Resource Energy Co ROCE % Historical Data

The historical data trend for Top Resource 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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Top Resource Energy Co ROCE % Chart

Top Resource Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.64

4.09

6.65

11.98

9.21

Top Resource 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															22.06	4.72	8.60	1.04	8.75

Top Resource Energy Co ROCE % Calculation

Top Resource 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 )
	=	510.244	/	( ( (9293.684 - 3835.893)	+	(9127.097 - 3510.284) )	/ 2 )
	=	510.244	/	( (5457.791	+	5616.813)	/ 2 )
	=	510.244	/	5537.302
	=	9.21 %

Top Resource 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 )
	=	491.904	/	( ( (9127.097 - 3510.284)	+	(8812.584 - 3190.438) )	/ 2 )
	=	491.904	/	( ( 5616.813	+	5622.146 )	/ 2 )
	=	491.904	/	5619.4795
	=	8.75 %

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

Top Resource Energy Co (SZSE:300332) 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.

Top Resource Energy Co ROCE % Related Terms

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Top Resource Energy Co (SZSE:300332) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Top Resource Energy Co Ltd (SZSE:300332) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 6, Chaoyangmenwai Street, Room 2201, Building 2, Floor 22, Chaoyang, Beijing, CHN, 100020

Website

https://www.trce.com.cn

Top Resource Energy Co Ltd is engaged in Natural gas supply and pipeline operation, water treatment engineering services, research and development, production and sales of membrane products, waste heat power generation and energy saving, flue gas treatment investment and engineering technical services.

Executives

Chen Zuo Tao	Directors, executives
Wen Lei Yun	Executives
Wu Hong Mei	Director
Li Xue Jun	Executives
Li Yu Long	Executives
Wang Zu Feng	Executives
Zhang Hong Tao	Directors, Directors, and Executives
Hu Fan	Executives
Yan Bing	Executives
Wang Jian Jun	Directors, executives
Zheng Chun Lei	Executives
Cheng Yan	Securities Affairs Representative
Li Jiang Bing	Executives
Shi Qing Xi	Executives
Chen Lei	Executives

Top Resource Energy Co (SZSE:300332) Headlines

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