Beijing ZHTD Environmental Protection Technology Co (BJSE:836263) ROCE % : 1.53% (As of Mar. 2024)

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What is Beijing ZHTD Environmental Protection Technology 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 ZHTD Environmental Protection Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.53%.

Beijing ZHTD Environmental Protection Technology Co ROCE % Historical Data

The historical data trend for Beijing ZHTD Environmental Protection Technology 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 ZHTD Environmental Protection Technology Co ROCE % Chart

Beijing ZHTD Environmental Protection Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.21

10.13

4.96

9.54

18.58

Beijing ZHTD Environmental Protection Technology 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															20.41	16.27	15.15	23.17	1.53

Beijing ZHTD Environmental Protection Technology Co ROCE % Calculation

Beijing ZHTD Environmental Protection Technology 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 )
	=	95.578	/	( ( (854.435 - 374.427)	+	(1032.516 - 483.536) )	/ 2 )
	=	95.578	/	( (480.008	+	548.98)	/ 2 )
	=	95.578	/	514.494
	=	18.58 %

Beijing ZHTD Environmental Protection Technology 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 )
	=	8.408	/	( ( (1032.516 - 483.536)	+	(978.834 - 429.897) )	/ 2 )
	=	8.408	/	( ( 548.98	+	548.937 )	/ 2 )
	=	8.408	/	548.9585
	=	1.53 %

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

Beijing ZHTD Environmental Protection Technology Co (BJSE:836263) 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.

Beijing ZHTD Environmental Protection Technology Co ROCE % Related Terms

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Beijing ZHTD Environmental Protection Technology Co (BJSE:836263) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Beijing ZHTD Environmental Protection Technology Co Ltd (BJSE:836263) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Auto Museum West Road, Room 801, Floor 8, Building 3, Yard 8, Fengtai District, Beijing, CHN, 100070

Website

https://www.cnzhtd.com

Beijing ZHTD Environmental Protection Technology Co Ltd engages in providing services in the field of industrial flue gas treatment in China. It provides full life cycle services for industrial flue gas treatment for non-electric industries such as steel and coking, including engineering design, construction management, complete equipment supply, system debugging, and trial operation. and other engineering general contracting services and professional operation services of environmental protection facilities.

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