Beijing GeoEnviron Engineering & Technology (SHSE:603588) ROCE % : 7.62% (As of Mar. 2024)

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What is Beijing GeoEnviron Engineering & Technology 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. Beijing GeoEnviron Engineering & Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.62%.

Beijing GeoEnviron Engineering & Technology ROCE % Historical Data

The historical data trend for Beijing GeoEnviron Engineering & Technology'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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Beijing GeoEnviron Engineering & Technology ROCE % Chart

Beijing GeoEnviron Engineering & Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.58

10.61

11.68

9.45

6.49

Beijing GeoEnviron Engineering & Technology 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															7.79	11.61	2.93	3.38	7.62

Beijing GeoEnviron Engineering & Technology ROCE % Calculation

Beijing GeoEnviron Engineering & Technology'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 )
	=	979.813	/	( ( (22660.13 - 7990.76)	+	(26682.908 - 11157.643) )	/ 2 )
	=	979.813	/	( (14669.37	+	15525.265)	/ 2 )
	=	979.813	/	15097.3175
	=	6.49 %

Beijing GeoEnviron Engineering & Technology'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 )
	=	1200.428	/	( ( (26682.908 - 11157.643)	+	(27041.798 - 11046.43) )	/ 2 )
	=	1200.428	/	( ( 15525.265	+	15995.368 )	/ 2 )
	=	1200.428	/	15760.3165
	=	7.62 %

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

Beijing GeoEnviron Engineering & Technology (SHSE:603588) 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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Beijing GeoEnviron Engineering & Technology (SHSE:603588) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Beijing GeoEnviron Engineering & Technology Inc (SHSE:603588) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

BGE Building, No.9 Dijin Road, Zhongguancun Environmental Protection Park, Beiqing Road, Haidian District, Beijing, CHN, 100095

Website

http://www.bgechina.cn

Beijing GeoEnviron Engineering & Technology Inc is specialized in the environmental technology research and the provision of solutions for the pollution control system. The company provides various services such as Urban 360 Environmental Manager that removes medical waste and hazardous wastes disposal, Kitchen waste treatment, Sludge disposal and others. Industrial Environment involves treatment of industrial wastewater and treatment of industrial solid waste, and Environment Remediation is engaged in remediation of the industrial site, underground water remediation, landfill remediation and farmland remediation.

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