China Boqi Environmental (Holding) Co (HKSE:02377) ROCE % : 8.70% (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is China Boqi Environmental (Holding) 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. China Boqi Environmental (Holding) Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.70%.

China Boqi Environmental (Holding) Co ROCE % Historical Data

The historical data trend for China Boqi Environmental (Holding) 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.

* Premium members only.

China Boqi Environmental (Holding) Co ROCE % Chart

China Boqi Environmental (Holding) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

9.43

10.43

14.42

6.03

9.21

China Boqi Environmental (Holding) Co Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial												14.56	1.19	11.11	9.86	8.70

China Boqi Environmental (Holding) Co ROCE % Calculation

China Boqi Environmental (Holding) 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 )
	=	316.141	/	( ( (5276.817 - 1934.731)	+	(5489.454 - 1965.516) )	/ 2 )
	=	316.141	/	( (3342.086	+	3523.938)	/ 2 )
	=	316.141	/	3433.012
	=	9.21 %

China Boqi Environmental (Holding) Co'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 )
	=	300.536	/	( ( (5188.104 - 1804.304)	+	(5489.454 - 1965.516) )	/ 2 )
	=	300.536	/	( ( 3383.8	+	3523.938 )	/ 2 )
	=	300.536	/	3453.869
	=	8.70 %

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

China Boqi Environmental (Holding) Co (HKSE:02377) 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 Boqi Environmental (Holding) Co ROCE % Related Terms

Thank you for viewing the detailed overview of China Boqi Environmental (Holding) Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

China Boqi Environmental (Holding) Co (HKSE:02377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Boqi Environmental (Holding) Co Ltd (HKSE:02377) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. Jia 8, Xinglongzhuang, Floor 2, Guoben Culture Building, Chaoyang District, Beijing, CHN, 100123

Website

http://www.chinaboqi.com

China Boqi Environmental (Holding) Co Ltd is an investment holding company. It operates in four segments: Environmental protection facilities, mainly including EPC, which consists of project design, procurement of equipment and materials, project construction and equipment installment, and testing services; Operation & maintenance segment comprises of operation service and regular maintenance service for desulfurization and denitrification facilities and dust removal facilities; Concession operations segment includes the construction of infrastructure or acquisition of existing infrastructure from the grantor and operation and maintenance of flue gas treatment project; and Others segment consists of the sale of by-products and others. The group primarily operates in the PRC.

China Boqi Environmental (Holding) Co (HKSE:02377) Headlines

No Headlines