Euro Tech Holdings Co (Euro Tech Holdings Co) ROCE % : -6.75% (As of Jun. 2023)

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What is Euro Tech Holdings 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. Euro Tech Holdings Co's annualized ROCE % for the quarter that ended in Jun. 2023 was -6.75%.

Euro Tech Holdings Co ROCE % Historical Data

The historical data trend for Euro Tech Holdings 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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Euro Tech Holdings Co ROCE % Chart

Euro Tech Holdings Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-2.24

-1.09

3.39

8.70

3.83

Euro Tech Holdings Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															10.80	6.84	-3.63	11.49	-6.75

Euro Tech Holdings Co ROCE % Calculation

Euro Tech Holdings Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	0.57	/	( ( (21.25 - 6.405)	+	(19.363 - 4.47) )	/ 2 )
	=	0.57	/	( (14.845	+	14.893)	/ 2 )
	=	0.57	/	14.869
	=	3.83 %

Euro Tech Holdings Co's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-0.99	/	( ( (19.363 - 4.47)	+	(17.976 - 3.53) )	/ 2 )
	=	-0.99	/	( ( 14.893	+	14.446 )	/ 2 )
	=	-0.99	/	14.6695
	=	-6.75 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Euro Tech Holdings Co (NAS:CLWT) 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.

Euro Tech Holdings Co ROCE % Related Terms

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Euro Tech Holdings Co (Euro Tech Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Euro Tech Holdings Co Ltd (NAS:CLWT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

65 Wong Chuk Hong Road, Unit D, 18th Floor, Room C & D, Gee Chang Hong Centre, Hong Kong, HKG

Website

https://www.euro-tech.com

Euro Tech Holdings Co Ltd is a distributor and manufacturer of technology instruments as well as an environmental engineering services provider. It is engaged in the marketing and trading of water and wastewater related process control, analytical and testing instruments, disinfection equipment, supplies, and related automation systems. There are two operating segments of the company. The Trading and manufacturing segment, which is the key revenue driver, includes distribution of water treatment equipment, laboratory instruments, analyzers, test kits, and related supplies and power generation equipment. The Engineering segment includes water and waste-water treatment engineering and air pollution control business. The majority of the revenue is generated from Hong Kong.