Jinhong Gas Co (SHSE:688106) ROCE % : 8.07% (As of Mar. 2024)

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What is Jinhong 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. Jinhong Gas Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.07%.

Jinhong Gas Co ROCE % Historical Data

The historical data trend for Jinhong 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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Jinhong Gas Co ROCE % Chart

Jinhong Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.19

12.14

6.82

9.17

10.44

Jinhong 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															9.53	15.43	12.45	6.74	8.07

Jinhong Gas Co ROCE % Calculation

Jinhong 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 )
	=	424.566	/	( ( (4734.516 - 1394.094)	+	(6239.659 - 1442.841) )	/ 2 )
	=	424.566	/	( (3340.422	+	4796.818)	/ 2 )
	=	424.566	/	4068.62
	=	10.44 %

Jinhong 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 )
	=	411.06	/	( ( (6239.659 - 1442.841)	+	(6803.075 - 1418.532) )	/ 2 )
	=	411.06	/	( ( 4796.818	+	5384.543 )	/ 2 )
	=	411.06	/	5090.6805
	=	8.07 %

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

Jinhong Gas Co (SHSE:688106) 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.

Jinhong Gas Co ROCE % Related Terms

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Jinhong Gas Co (SHSE:688106) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jinhong Gas Co Ltd (SHSE:688106) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 6, Anmin Road, Panyang Industrial Park, Huangdai Town, Huangdai Town, Suzhou, CHN, 215152

Website

http://www.jinhonggroup.com

Jinhong Gas Co Ltd is engaged in production, sales and service of environmentally intensive integrated gas. The company provides customers with one-stop gas supply solutions for various bulk gases, special gases and natural gasother fields.

Executives

Chen Qi Feng	Core technical personnel
Shi Dong Sheng	Directors, senior managers, core technical personn
Jin Xiang Hua	Director
Ge Hui Fang	Supervisors
Liu Bing Feng	Supervisors

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