Cleanaway Co (TPE:8422) ROCE % : 10.33% (As of Mar. 2024)

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What is Cleanaway 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. Cleanaway Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.33%.

Cleanaway Co ROCE % Historical Data

The historical data trend for Cleanaway 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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Cleanaway Co ROCE % Chart

Cleanaway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.34

22.89

22.28

19.53

11.46

Cleanaway 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															15.47	15.78	7.33	10.22	10.33

Cleanaway Co ROCE % Calculation

Cleanaway 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 )
	=	1348.906	/	( ( (12569.822 - 1569.46)	+	(15305.58 - 2762.344) )	/ 2 )
	=	1348.906	/	( (11000.362	+	12543.236)	/ 2 )
	=	1348.906	/	11771.799
	=	11.46 %

Cleanaway 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 )
	=	1342.032	/	( ( (15305.58 - 2762.344)	+	(16858.192 - 3408.953) )	/ 2 )
	=	1342.032	/	( ( 12543.236	+	13449.239 )	/ 2 )
	=	1342.032	/	12996.2375
	=	10.33 %

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

Cleanaway Co (TPE:8422) 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.

Cleanaway Co ROCE % Related Terms

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Cleanaway Co (TPE:8422) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Cleanaway Co Ltd (TPE:8422) » Definitions » ROCE %

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N/A

Address

No. 308, Zhongshan South Road, 1st Floor, Houhong Village, Gangshan District, Kaohsiung, TWN, 820

Website

https://www.cleanaway.tw

Cleanaway Co Ltd offers one-stop-shop services for treating forms of waste. It treats various industrial and hazardous waste materials and owns private landfills for final disposal in Taiwan. The company provides systems for daily activities and solutions for cleaning up contaminated sites. Cleaning an entire location can require on-site sampling and experimental studies to return the location to its natural form. Cleanway provides technologies, contracts, clearance, and transportation to the designated landfill, and it enforces strict compliance with all regulations. Part of the process focuses on quality control and random testing to prevent non-treated or unapproved wastes from entering the company's landfills.

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