Wise Living Technology Co (HKSE:02481) ROCE % : 8.24% (As of Dec. 2023)

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What is Wise Living Technology 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. Wise Living Technology Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.24%.

Wise Living Technology Co ROCE % Historical Data

The historical data trend for Wise Living Technology 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.

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Wise Living Technology Co ROCE % Chart

Wise Living Technology Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

8.78

9.91

7.24

8.67

Wise Living Technology Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	6.33	8.43	9.64	8.24

Wise Living Technology Co ROCE % Calculation

Wise Living Technology 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 )
	=	362.122	/	( ( (5856.308 - 1909.921)	+	(6340.59 - 1932.202) )	/ 2 )
	=	362.122	/	( (3946.387	+	4408.388)	/ 2 )
	=	362.122	/	4177.3875
	=	8.67 %

Wise Living Technology 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 )
	=	344.17	/	( ( (5511.254 - 1568.972)	+	(6340.59 - 1932.202) )	/ 2 )
	=	344.17	/	( ( 3942.282	+	4408.388 )	/ 2 )
	=	344.17	/	4175.335
	=	8.24 %

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

Wise Living Technology Co (HKSE:02481) 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.

Wise Living Technology Co ROCE % Related Terms

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Wise Living Technology Co (HKSE:02481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Wise Living Technology Co Ltd (HKSE:02481) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 15 Shuangliang Road, Ligang Street, Room 202, 2nd Floor, Jiangsu, Jiangyin, CHN

Website

http://www.hjkj.cn

Wise Living Technology Co Ltd is a cross-provincial heat service provider mainly operating in the Three North Region. It is principally engaged in the provision of heat services to residential and non-residential heat service customers under concession rights. In addition to its provision of heat services, which is considered as a public utility business, the company also provides heat-related; engineering construction services; and EMC services.

Executives

Galaxy Way Development Limited	2101 Beneficial owner
Gofintech Innovation Limited	2201 Interest of corporation controlled by you
Jiang Gang International Investment Company Limited	2101 Beneficial owner
Zhou Xiaoping	2201 Interest of corporation controlled by you
Jiang Yin Guo You Zi Ben Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Yin Guo You Zi Ben Kong Gu Ji Tuan Jin Rong Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Xiang Gang Xing Yi Tou Zi Guan Li You Xian Gong Si	2101 Beneficial owner

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