Pan Asia Environmental Protection Group (HKSE:00556) ROCE % : 0.41% (As of Dec. 2023)

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What is Pan Asia Environmental Protection 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. Pan Asia Environmental Protection Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.41%.

Pan Asia Environmental Protection Group ROCE % Historical Data

The historical data trend for Pan Asia Environmental Protection 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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Pan Asia Environmental Protection Group ROCE % Chart

Pan Asia Environmental Protection Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.39

-2.37

1.00

0.25

0.75

Pan Asia Environmental Protection Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.03	-0.12	0.62	1.09	0.41

Pan Asia Environmental Protection Group ROCE % Calculation

Pan Asia Environmental Protection 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 )
	=	9.704	/	( ( (1398.807 - 94.293)	+	(1413.955 - 146.169) )	/ 2 )
	=	9.704	/	( (1304.514	+	1267.786)	/ 2 )
	=	9.704	/	1286.15
	=	0.75 %

Pan Asia Environmental Protection Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	5.268	/	( ( (1387.244 - 106.593)	+	(1413.955 - 146.169) )	/ 2 )
	=	5.268	/	( ( 1280.651	+	1267.786 )	/ 2 )
	=	5.268	/	1274.2185
	=	0.41 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Pan Asia Environmental Protection Group (HKSE:00556) 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.

Pan Asia Environmental Protection Group ROCE % Related Terms

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Pan Asia Environmental Protection Group (HKSE:00556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pan Asia Environmental Protection Group Ltd (HKSE:00556) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinjie Street, Baihe Industrial Park, Jiangsu Province, Yixing City, CHN, 214204

Website

http://www.paep.com.cn

Pan Asia Environmental Protection Group Ltd and its subsidiaries are engaged in the sale of environmental protection products and equipment, undertaking EP construction engineering services. The operating business segments are the EP products and equipment segment which derives the majority of revenue involves the sales of EP products and equipment to external customers and the EP construction engineering services segment.

Pan Asia Environmental Protection Group (HKSE:00556) Headlines

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