Zhejiang Weiming Environment Protection Co (SHSE:603568) ROCE % : 16.44% (As of Mar. 2024)

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What is Zhejiang Weiming Environment Protection 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. Zhejiang Weiming Environment Protection Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.44%.

Zhejiang Weiming Environment Protection Co ROCE % Historical Data

The historical data trend for Zhejiang Weiming Environment Protection 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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Zhejiang Weiming Environment Protection Co ROCE % Chart

Zhejiang Weiming Environment Protection Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.16

19.43

17.27

13.14

12.92

Zhejiang Weiming Environment Protection 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															13.33	13.81	13.76	11.41	16.44

Zhejiang Weiming Environment Protection Co ROCE % Calculation

Zhejiang Weiming Environment Protection 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 )
	=	2461.184	/	( ( (20336.318 - 2538.45)	+	(24100.583 - 3793.831) )	/ 2 )
	=	2461.184	/	( (17797.868	+	20306.752)	/ 2 )
	=	2461.184	/	19052.31
	=	12.92 %

Zhejiang Weiming Environment Protection 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 )
	=	3431.828	/	( ( (24100.583 - 3793.831)	+	(24860.731 - 3407.015) )	/ 2 )
	=	3431.828	/	( ( 20306.752	+	21453.716 )	/ 2 )
	=	3431.828	/	20880.234
	=	16.44 %

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

Zhejiang Weiming Environment Protection Co (SHSE:603568) 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.

Zhejiang Weiming Environment Protection Co ROCE % Related Terms

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Zhejiang Weiming Environment Protection Co (SHSE:603568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Zhejiang Weiming Environment Protection Co Ltd (SHSE:603568) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

525 Shifu Road, 16th Floor, Tongren Hengjiu Building, Zhejiang, Wenzhou, CHN, 325088

Website

http://www.cnweiming.com

Zhejiang Weiming Environment Protection Co Ltd is a China-based company engaged in solid waste disposal business. It is focused on solid waste-related technological development, equipment manufacturing and sales, project investment, project construction, and operational management. The company is also engaged in waste incineration power generation projects. The company's products include waste incineration grate, boiler, and flue gas treatment system.

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