China Environmental Resources Group (HKSE:01130) ROCE % : -17.37% (As of Dec. 2023)

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What is China Environmental Resources 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. China Environmental Resources Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -17.37%.

China Environmental Resources Group ROCE % Historical Data

The historical data trend for China Environmental Resources 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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China Environmental Resources Group ROCE % Chart

China Environmental Resources Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-16.97

-7.67

-6.98

-1.43

-5.66

China Environmental Resources 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															-1.17	-1.63	-0.04	-11.47	-17.37

China Environmental Resources Group ROCE % Calculation

China Environmental Resources Group's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-36.001	/	( ( (780.508 - 108.942)	+	(718.692 - 118.89) )	/ 2 )
	=	-36.001	/	( (671.566	+	599.802)	/ 2 )
	=	-36.001	/	635.684
	=	-5.66 %

China Environmental Resources 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 )
	=	-100.18	/	( ( (718.692 - 118.89)	+	(679.652 - 126.26) )	/ 2 )
	=	-100.18	/	( ( 599.802	+	553.392 )	/ 2 )
	=	-100.18	/	576.597
	=	-17.37 %

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

China Environmental Resources Group (HKSE:01130) 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.

China Environmental Resources Group ROCE % Related Terms

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China Environmental Resources Group (HKSE:01130) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Environmental Resources Group Ltd (HKSE:01130) » Definitions » ROCE %

Comparable Companies

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RS1:Singapore

Address

No. 1 Science Museum Road, Room 2608, 26th Floor, Greenfield Tower, Concordia Plaza, Tsim Sha Tsui East Kowloon, Hong Kong, HKG

Website

https://www.cergroup.com.hk

China Environmental Resources Group Ltd is an investment holding company. It has seven reportable segments: Trading of recycled metals; Trading of motor vehicles and related accessories; Property investment; Provision of financial services; Sales of golden flower tea products; Securities trading and investment; and Sales of plantation materials and products. It has geographic operations in the PRC, Hong Kong, Nepal, and Macau. It derives a vast majority of the revenues from the trading of motor vehicles and related accessories segment within Hong Kong.

China Environmental Resources Group (HKSE:01130) Headlines

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