Shenzhen Leoking Environmental Group Co (SZSE:301305) ROCE % : 4.71% (As of Mar. 2024)

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What is Shenzhen Leoking Environmental Group 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. Shenzhen Leoking Environmental Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.71%.

Shenzhen Leoking Environmental Group Co ROCE % Historical Data

The historical data trend for Shenzhen Leoking Environmental Group 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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Shenzhen Leoking Environmental Group Co ROCE % Chart

Shenzhen Leoking Environmental Group Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.13

8.68

9.94

9.09

6.00

Shenzhen Leoking Environmental Group Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										7.38	7.02	5.83	3.45	4.71

Shenzhen Leoking Environmental Group Co ROCE % Calculation

Shenzhen Leoking Environmental Group 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 )
	=	279.317	/	( ( (4459.33 - 517.965)	+	(5956.419 - 583.472) )	/ 2 )
	=	279.317	/	( (3941.365	+	5372.947)	/ 2 )
	=	279.317	/	4657.156
	=	6.00 %

Shenzhen Leoking Environmental Group 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 )
	=	252.672	/	( ( (5956.419 - 583.472)	+	(5930.013 - 566.949) )	/ 2 )
	=	252.672	/	( ( 5372.947	+	5363.064 )	/ 2 )
	=	252.672	/	5368.0055
	=	4.71 %

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

Shenzhen Leoking Environmental Group Co (SZSE:301305) 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.

Shenzhen Leoking Environmental Group Co ROCE % Related Terms

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Shenzhen Leoking Environmental Group Co (SZSE:301305) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Shenzhen Leoking Environmental Group Co Ltd (SZSE:301305) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pingqiao Road, Pingdi Street, Floor 13, No. 2, Gaoqiao Community, Longgang District, Guangdong Province, Shenzhen, CHN, 518117

Website

https://www.leoking.com

Shenzhen Leoking Environmental Group Co Ltd is mainly engaged in the investment, construction and operation of organic solid waste projects and domestic waste incineration power generation projects through BOT, BOO and other franchise modes, and provides government customers with solutions for the harmless treatment and resource utilization of organic solid waste and domestic waste. It is a comprehensive environmental protection enterprise and a national high-tech enterprise. Luculent Environment Group is deeply involved in the field of organic solid waste (catering waste, kitchen waste, manure, animal solid waste, etc.) treatment and waste classification, and has become a leading enterprise in the field of organic solid waste treatment in the country.

Executives

Chen Jian Xiang

Directors, executives

Shenzhen Leoking Environmental Group Co (SZSE:301305) Headlines

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