Chongqing Gas Group (SHSE:600917) ROCE % : -1.64% (As of Mar. 2024)

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What is Chongqing Gas Group 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. Chongqing Gas Group's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.64%.

Chongqing Gas Group ROCE % Historical Data

The historical data trend for Chongqing Gas Group'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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Chongqing Gas Group ROCE % Chart

Chongqing Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.78

6.56

8.41

6.92

8.63

Chongqing Gas Group 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															-1.99	14.72	7.18	15.32	-1.64

Chongqing Gas Group ROCE % Calculation

Chongqing Gas Group'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 )
	=	624.361	/	( ( (10273.224 - 3132.23)	+	(10346.909 - 3016.903) )	/ 2 )
	=	624.361	/	( (7140.994	+	7330.006)	/ 2 )
	=	624.361	/	7235.5
	=	8.63 %

Chongqing Gas Group'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 )
	=	-119.268	/	( ( (10346.909 - 3016.903)	+	(10611.106 - 3391.277) )	/ 2 )
	=	-119.268	/	( ( 7330.006	+	7219.829 )	/ 2 )
	=	-119.268	/	7274.9175
	=	-1.64 %

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

Chongqing Gas Group (SHSE:600917) 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.

Chongqing Gas Group ROCE % Related Terms

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Chongqing Gas Group (SHSE:600917) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chongqing Gas Group Corporation Ltd (SHSE:600917) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jiangbei District Court, a small village on the 30th, Chongqing, CHN, 400020

Website

http://www.cqgas.cn

Chongqing Gas Group Corporation Ltd engages in the design, manufacture, installation, maintenance, sale, management, and technical consultation of gas supply and pipe network in China. It also supplies, transport, storage, distributes, and sale gas. The company engages in the supply of heating, cooling, and cogeneration; pipe anti-corrosion processing; and gas appliance sales and other business operations.

Executives

Wang Song Qiu	Director
Li Jin Yan	senior management
Fu Xiu Ping	senior management
Wu Can Guang	Director
Jiang Ying Hui	senior management
Wang Ji Wu	Director
Wen Xiao Song	senior management

Chongqing Gas Group (SHSE:600917) Headlines

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