Guangdong Feinan Resources Recycling Co (SZSE:301500) ROCE % : -2.22% (As of Mar. 2024)

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What is Guangdong Feinan Resources Recycling 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. Guangdong Feinan Resources Recycling Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.22%.

Guangdong Feinan Resources Recycling Co ROCE % Historical Data

The historical data trend for Guangdong Feinan Resources Recycling 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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Guangdong Feinan Resources Recycling Co ROCE % Chart

Guangdong Feinan Resources Recycling Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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39.88

32.54

26.57

7.93

5.06

Guangdong Feinan Resources Recycling Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											4.21	5.81	5.27	2.22	-2.22

Guangdong Feinan Resources Recycling Co ROCE % Calculation

Guangdong Feinan Resources Recycling 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 )
	=	277.478	/	( ( (7588.934 - 3353.693)	+	(10605.513 - 3871.482) )	/ 2 )
	=	277.478	/	( (4235.241	+	6734.031)	/ 2 )
	=	277.478	/	5484.636
	=	5.06 %

Guangdong Feinan Resources Recycling 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 )
	=	-149.472	/	( ( (10605.513 - 3871.482)	+	(11166.532 - 4423.628) )	/ 2 )
	=	-149.472	/	( ( 6734.031	+	6742.904 )	/ 2 )
	=	-149.472	/	6738.4675
	=	-2.22 %

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

Guangdong Feinan Resources Recycling Co (SZSE:301500) 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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Guangdong Feinan Resources Recycling Co (SZSE:301500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Guangdong Feinan Resources Recycling Co Ltd (SZSE:301500) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3-6, Dachong Section, Guihe Road, Lishui Town, Nanhai, Guangdong, Foshan, CHN, 526233

Website

https://www.feinanresources.com

Guangdong Feinan Resources Recycling Co Ltd is mainly engaged in the disposal of non-ferrous metal hazardous waste and the recycling of renewable resources. It is an environmental protection enterprise covering hazardous waste collection, harmless disposal, and resource recycling. The company applies traditional metallurgical technology to the non-ferrous metal hazardous waste disposal and utilization business. It can combine different batches of hazardous waste with low metal grade and different impurity content with copper-containing materials and adopt leading process technology to ultimately produce electrolytic copper, and ice Copper, anode slime and other resource-based products can truly realize resource regeneration and turn waste into treasure.

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