Yuancheng Environment Co (SHSE:603388) ROCE % : -4.48% (As of Mar. 2024)

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What is Yuancheng Environment 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. Yuancheng Environment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.48%.

Yuancheng Environment Co ROCE % Historical Data

The historical data trend for Yuancheng Environment 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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Yuancheng Environment Co ROCE % Chart

Yuancheng Environment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.18

11.46

6.87

-2.06

-9.20

Yuancheng Environment 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															3.01	5.04	1.19	-44.54	-4.48

Yuancheng Environment Co ROCE % Calculation

Yuancheng Environment 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 )
	=	-151.203	/	( ( (3433.497 - 1796.282)	+	(3367.717 - 1716.924) )	/ 2 )
	=	-151.203	/	( (1637.215	+	1650.793)	/ 2 )
	=	-151.203	/	1644.004
	=	-9.20 %

Yuancheng Environment 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 )
	=	-73.124	/	( ( (3367.717 - 1716.924)	+	(3291.275 - 1675.336) )	/ 2 )
	=	-73.124	/	( ( 1650.793	+	1615.939 )	/ 2 )
	=	-73.124	/	1633.366
	=	-4.48 %

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

Yuancheng Environment Co (SHSE:603388) 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.

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Yuancheng Environment Co (SHSE:603388) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Yuancheng Environment Co Ltd (SHSE:603388) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

2-6 Qingchun East Road, 15th Floor, Hangzhou Jintou Financial Building, Zhejiang Province, Hangzhou, CHN

Website

http://www.ycgf.cn

Yuancheng Environment Co Ltd is a Chinese eco-environmental service provider. It integrates planning, design, construction, seedling production and marketing, technology research and development, information services, and industrial investment. The firm focuses on projects such as eco-environment, green environmental protection, and leisure tourism.

Executives

Zhu Chang Ren	Director
Chen Ping	senior management
Yao Li Hua	Director
Zhang Jian He	Director
Zhou Jin Hai	Director
Kong Wei Bo	senior management
Shen Guo Tai	Supervisors

Yuancheng Environment Co (SHSE:603388) Headlines

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