Chongqingnfeng Environment Group (SHSE:601827) ROCE % : 10.87% (As of Mar. 2024)

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What is Chongqingnfeng Environment Group 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. Chongqingnfeng Environment Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.87%.

Chongqingnfeng Environment Group ROCE % Historical Data

The historical data trend for Chongqingnfeng Environment Group'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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Chongqingnfeng Environment Group ROCE % Chart

Chongqingnfeng Environment Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.51

8.61

10.60

9.05

8.57

Chongqingnfeng Environment Group 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															10.09	8.32	10.05	5.28	10.87

Chongqingnfeng Environment Group ROCE % Calculation

Chongqingnfeng Environment Group'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 )
	=	1639.375	/	( ( (23612.884 - 4740.575)	+	(25282.653 - 5878.543) )	/ 2 )
	=	1639.375	/	( (18872.309	+	19404.11)	/ 2 )
	=	1639.375	/	19138.2095
	=	8.57 %

Chongqingnfeng Environment Group'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 )
	=	2136.636	/	( ( (25282.653 - 5878.543)	+	(25666.003 - 5740.429) )	/ 2 )
	=	2136.636	/	( ( 19404.11	+	19925.574 )	/ 2 )
	=	2136.636	/	19664.842
	=	10.87 %

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

Chongqingnfeng Environment Group (SHSE:601827) 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.

Chongqingnfeng Environment Group ROCE % Related Terms

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Chongqingnfeng Environment Group (SHSE:601827) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Chongqing Sanfeng Environment Group Corp Ltd (SHSE:601827) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 3, Jianqiao Avenue, Jianqiao Industrial Park, Dadukou District, Chongqing, CHN, 400084

Website

http://www.cseg.cn

Chongqing Sanfeng Environment Group Corp Ltd is engaged in investment and operation of waste incineration power generation projects, EPC construction and R & D and manufacturing of core equipment for waste incineration power generation and other related businesses. The company's services include Waste incineration power generation, Leachate treatment, and Garbage collection and transfer.

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