Wuhan East Lake High Technology Group Co (SHSE:600133) ROCE % : 2.59% (As of Mar. 2024)

View and export this data going back to 1998. Start your Free Trial

What is Wuhan East Lake High Technology Group 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. Wuhan East Lake High Technology Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.59%.

Wuhan East Lake High Technology Group Co ROCE % Historical Data

The historical data trend for Wuhan East Lake High Technology Group 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.

Wuhan East Lake High Technology Group Co ROCE % Chart

Wuhan East Lake High Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

6.81

9.57

8.67

8.13

13.22

Wuhan East Lake High Technology Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															4.58	4.00	6.01	33.12	2.59

Wuhan East Lake High Technology Group Co ROCE % Calculation

Wuhan East Lake High Technology Group 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 )
	=	2175.475	/	( ( (34970.157 - 16581.885)	+	(19096.762 - 4578.093) )	/ 2 )
	=	2175.475	/	( (18388.272	+	14518.669)	/ 2 )
	=	2175.475	/	16453.4705
	=	13.22 %

Wuhan East Lake High Technology Group Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	363.708	/	( ( (19096.762 - 4578.093)	+	(18382.134 - 4774.062) )	/ 2 )
	=	363.708	/	( ( 14518.669	+	13608.072 )	/ 2 )
	=	363.708	/	14063.3705
	=	2.59 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Wuhan East Lake High Technology Group Co (SHSE:600133) 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.

Wuhan East Lake High Technology Group Co ROCE % Related Terms

Thank you for viewing the detailed overview of Wuhan East Lake High Technology Group Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Wuhan East Lake High Technology Group Co (SHSE:600133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wuhan East Lake High Technology Group Co Ltd (SHSE:600133) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Huaguan Avenue, Donghu Gaoxin Building, Hongshan District, Wuhan, Hubei, CHN, 430074

Website

http://www.elht.com

Wuhan East Lake High Technology Group Co Ltd is a China-based company engaged in the engineering construction business. It is also engaged in the construction and operation of technology parks, as well as environmental technology business. Its engineering construction business mainly includes road and bridge contracting and construction; its environmental protection technology business mainly includes atmospheric treatment, sewage treatment, and water environment treatment; its science and technology park related business mainly include the investment, promotion, and operation of the science parks.

Executives

Lin Cheng Feng

Supervisors

Wuhan East Lake High Technology Group Co (SHSE:600133) Headlines

No Headlines