TIL Enviro (HKSE:01790) ROCE % : 6.26% (As of Dec. 2023)

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What is TIL Enviro 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. TIL Enviro's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.26%.

TIL Enviro ROCE % Historical Data

The historical data trend for TIL Enviro'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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TIL Enviro ROCE % Chart

TIL Enviro Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.74

9.78

9.07

6.10

6.35

TIL Enviro Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial										9.52	6.05	6.10	6.64	6.26

TIL Enviro ROCE % Calculation

TIL Enviro'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 )
	=	123.79	/	( ( (2311.423 - 350.866)	+	(2241.275 - 304.951) )	/ 2 )
	=	123.79	/	( (1960.557	+	1936.324)	/ 2 )
	=	123.79	/	1948.4405
	=	6.35 %

TIL Enviro'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 )
	=	119.83	/	( ( (2187.014 - 297.595)	+	(2241.275 - 304.951) )	/ 2 )
	=	119.83	/	( ( 1889.419	+	1936.324 )	/ 2 )
	=	119.83	/	1912.8715
	=	6.26 %

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

TIL Enviro (HKSE:01790) 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.

TIL Enviro ROCE % Related Terms

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TIL Enviro (HKSE:01790) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » TIL Enviro Ltd (HKSE:01790) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 233 Tianhe North Road, Unit 08, Level 61, CITIC Plaza, Tianhe District, Guangdong Province, Guangzhou, CHN, 510613

Website

http://www.tilenviro.com

TIL Enviro Ltd is a wastewater treatment service provider operating and managing wastewater treatment facilities. The company's business divisions include Wastewater treatment operation services, Recycle water supply operation services, Wastewater treatment construction services, and Finance income from service concession arrangement. Geographically, it generates a majority of its revenue from the People's Republic of China.

Executives

Cheong Sze Theng	2202 Interest of your spouse
Lee Li-may	2202 Interest of your spouse
Lgb (malaysia) Sdn. Bhd.	2201 Interest of corporation controlled by you
Lgb Group (hk) Limited	2201 Interest of corporation controlled by you
Lim Chee Meng	2103 Interests held jointly with another person
Lim Chin Sean	2103 Interests held jointly with another person
Sparkle Century Group Limited	2101 Beneficial owner

TIL Enviro (HKSE:01790) Headlines

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