Zonqing Environmental (HKSE:01855) ROCE % : 39.52% (As of Dec. 2023)

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What is Zonqing Environmental 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. Zonqing Environmental's annualized ROCE % for the quarter that ended in Dec. 2023 was 39.52%.

Zonqing Environmental ROCE % Historical Data

The historical data trend for Zonqing Environmental'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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Zonqing Environmental ROCE % Chart

Zonqing Environmental Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.40

27.30

11.89

-5.72

25.12

Zonqing Environmental Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							10.06	-14.55	-0.80	17.58	39.52

Zonqing Environmental ROCE % Calculation

Zonqing Environmental'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 )
	=	260.085	/	( ( (4671.2 - 3542.733)	+	(4207.14 - 3265.242) )	/ 2 )
	=	260.085	/	( (1128.467	+	941.898)	/ 2 )
	=	260.085	/	1035.1825
	=	25.12 %

Zonqing Environmental'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 )
	=	348.652	/	( ( (4043.433 - 3220.963)	+	(4207.14 - 3265.242) )	/ 2 )
	=	348.652	/	( ( 822.47	+	941.898 )	/ 2 )
	=	348.652	/	882.184
	=	39.52 %

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

Zonqing Environmental (HKSE:01855) 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.

Zonqing Environmental ROCE % Related Terms

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Zonqing Environmental (HKSE:01855) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zonqing Environmental Ltd (HKSE:01855) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.5888, Fuzhi Road, 3rd Floor, Zhongqing Building, Jingyue High-tech Industrial Development Zone, Jilin Province, Changchun, CHN

Website

http://www.zonbong.com

Zonqing Environmental Ltd is principally engaged in landscaping, ecological restoration, and other related projects. Its business segments include Landscaping; Ecological restoration; and Others including investigation, survey, design, and technical consultancy for municipal construction projects. A majority of revenue is derived from the Landscaping segment which includes public space landscaping, theme park landscaping, private park landscaping, and maintenance projects. The group's revenue is generated in the PRC.

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