Houpu Clean Energy Group Co (SZSE:300471) ROCE % : -5.99% (As of Mar. 2024)

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What is Houpu Clean Energy Group 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. Houpu Clean Energy Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.99%.

Houpu Clean Energy Group Co ROCE % Historical Data

The historical data trend for Houpu Clean Energy Group 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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Houpu Clean Energy Group Co ROCE % Chart

Houpu Clean Energy Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.17

-15.37

2.55

-10.38

-2.59

Houpu Clean Energy Group 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															-2.00	7.84	-4.40	-10.36	-5.99

Houpu Clean Energy Group Co ROCE % Calculation

Houpu Clean Energy Group 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 )
	=	-33.07	/	( ( (2306.43 - 1121.87)	+	(2393.544 - 1020.341) )	/ 2 )
	=	-33.07	/	( (1184.56	+	1373.203)	/ 2 )
	=	-33.07	/	1278.8815
	=	-2.59 %

Houpu Clean Energy Group 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 )
	=	-81.672	/	( ( (2393.544 - 1020.341)	+	(2362.138 - 1010.654) )	/ 2 )
	=	-81.672	/	( ( 1373.203	+	1351.484 )	/ 2 )
	=	-81.672	/	1362.3435
	=	-5.99 %

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

Houpu Clean Energy Group Co (SZSE:300471) 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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Houpu Clean Energy Group Co (SZSE:300471) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Houpu Clean Energy Group Co Ltd (SZSE:300471) » Definitions » ROCE %

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Address

No. 599, Century City South Road, No. 3, Building 11, Building 6, High-tech Zone, Sichuan, Chengdu, CHN, 611731

Website

http://www.hqhop.com

Houpu Clean Energy Group Co Ltd is a clean energy solution provider. Its operates in five five business segments: high-end equipment integration for clean energy applications; operation and supervision platform based on Internet+, cloud computing, big data analysis; CRM-based, PLM-based Site operation and maintenance services; energy and chemical engineering consulting, survey, design, construction, installation, project management; clean energy equipment core components R & D (research and development) and manufacturing. Its product offerings include compressor control cabinet, gas supply system, barge LNG filling station, hydrogen station control system, hydrogenation machine, among others.

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