CECEP Techand Ecology & Environment Co (SZSE:300197) ROCE % : -1.99% (As of Mar. 2024)

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What is CECEP Techand Ecology & 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. CECEP Techand Ecology & Environment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.99%.

CECEP Techand Ecology & Environment Co ROCE % Historical Data

The historical data trend for CECEP Techand Ecology & 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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CECEP Techand Ecology & Environment Co ROCE % Chart

CECEP Techand Ecology & Environment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.89

5.94

2.02

-2.00

-7.01

CECEP Techand Ecology & 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															6.21	-0.03	-1.30	-29.82	-1.99

CECEP Techand Ecology & Environment Co ROCE % Calculation

CECEP Techand Ecology & 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 )
	=	-900.488	/	( ( (31856.593 - 19432.972)	+	(30382.954 - 17119.112) )	/ 2 )
	=	-900.488	/	( (12423.621	+	13263.842)	/ 2 )
	=	-900.488	/	12843.7315
	=	-7.01 %

CECEP Techand Ecology & 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 )
	=	-262.696	/	( ( (30382.954 - 17119.112)	+	(29242.679 - 16118.94) )	/ 2 )
	=	-262.696	/	( ( 13263.842	+	13123.739 )	/ 2 )
	=	-262.696	/	13193.7905
	=	-1.99 %

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

CECEP Techand Ecology & Environment Co (SZSE:300197) 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.

CECEP Techand Ecology & Environment Co ROCE % Related Terms

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CECEP Techand Ecology & Environment Co (SZSE:300197) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » CECEP Techand Ecology & Environment Co Ltd (SZSE:300197) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 2018 Xuegang Road, Bantian Street, Unit 2002, 20th Floor, Block B, Phase 1, Tianan Yungu Industrial Park, Longgang District, Guangdong Province, Shenzhen, CHN, 518040

Website

http://www.sztechand.com

CECEP Techand Ecology & Environment Co Ltd is engaged in the provision of ecological landscape design, eco-environment protection, ecological ecotourism, ecological e-commerce and life & health. The services and solutions are offered in the fields of water ecological restoration, contaminated soil remediation, mining restoration, slope restoration, environmental protection, and energy conservation as well as resource recycling. Further, it is also involved in the design, reconstruction, development, and operation of ecological tourism resources. Geographically the activities are carried out through China.

CECEP Techand Ecology & Environment Co (SZSE:300197) Headlines

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