Wuhan Tianyuan Environmental Protection Co (SZSE:301127) ROCE % : 3.30% (As of Mar. 2024)

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What is Wuhan Tianyuan Environmental 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. Wuhan Tianyuan Environmental Protection Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.30%.

Wuhan Tianyuan Environmental Protection Co ROCE % Historical Data

The historical data trend for Wuhan Tianyuan Environmental 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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Wuhan Tianyuan Environmental Protection Co ROCE % Chart

Wuhan Tianyuan Environmental Protection Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.84

26.01

14.06

11.11

10.38

Wuhan Tianyuan Environmental Protection Co Quarterly Data
	Jun15	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.12	11.14	13.78	12.57	3.30

Wuhan Tianyuan Environmental Protection Co ROCE % Calculation

Wuhan Tianyuan Environmental 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 )
	=	364.01	/	( ( (3185.007 - 743.823)	+	(5706.641 - 1136.595) )	/ 2 )
	=	364.01	/	( (2441.184	+	4570.046)	/ 2 )
	=	364.01	/	3505.615
	=	10.38 %

Wuhan Tianyuan Environmental 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 )
	=	153.28	/	( ( (5706.641 - 1136.595)	+	(5745.101 - 1028.453) )	/ 2 )
	=	153.28	/	( ( 4570.046	+	4716.648 )	/ 2 )
	=	153.28	/	4643.347
	=	3.30 %

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

Wuhan Tianyuan Environmental Protection Co (SZSE:301127) 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.

Wuhan Tianyuan Environmental Protection Co ROCE % Related Terms

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Wuhan Tianyuan Environmental Protection Co (SZSE:301127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Wuhan Tianyuan Environmental Protection Co Ltd (SZSE:301127) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.392, Weihu West Road, Shamao Street, Hannan District, Hubei Province, Wuhan, CHN, 430000

Website

http://www.tianyuanhuanbao.com

Wuhan Tianyuan Environmental Protection Co Ltd is engaged in the research and development, manufacturing and integration, environmental protection engineering construction and environmental protection project operation services.

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