Guanwei Recycling (Guanwei Recycling) ROCE % : 0.00% (As of Dec. 2015)

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What is Guanwei Recycling 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. Guanwei Recycling's annualized ROCE % for the quarter that ended in Dec. 2015 was 0.00%.

Guanwei Recycling ROCE % Historical Data

The historical data trend for Guanwei Recycling'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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Guanwei Recycling ROCE % Chart

Guanwei Recycling Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

ROCE %

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66.25

40.15

25.17

-1.81

Guanwei Recycling Semi-Annual Data
	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15
ROCE %	Get a 7-Day Free Trial			66.25	40.15	25.17	-1.81	-

Guanwei Recycling ROCE % Calculation

Guanwei Recycling's annualized ROCE % for the fiscal year that ended in Dec. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	-1.751	/	( ( (0 - 0)	+	(0 - 0) )	/ 1 )
	=	-1.751	/	( (0	+	0)	/ 1 )
	=	-1.751	/	0
	=	0 %

Guanwei Recycling's ROCE % of for the quarter that ended in Dec. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2015 )		(Q: Dec. 2014 )		(Q: Dec. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2015 )		(Q: Dec. 2014 )		(Q: Dec. 2015 )
	=	-1.751	/	( ( (0 - 0)	+	(0 - 0) )	/ 1 )
	=	-1.751	/	( ( 0	+	0 )	/ 1 )
	=	-1.751	/	0
	=	0 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2015) EBIT data.

Guanwei Recycling (GREY:GPRC) 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.

Guanwei Recycling ROCE % Related Terms

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Guanwei Recycling (Guanwei Recycling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Guanwei Recycling Corp (GREY:GPRC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rong Qiao Economic Zone, Fuqing City, Fujian, CHN, 350301

Website

http://www.guanweirecycling.com

Guanwei Recycling Corp is a plastic recycling company. It is primarily engaged in the manufacture and distribution of low-density polyethylene and other recycled plastic products using the imported raw material in the form of plastic waste. The plastic polymers include Polyethylene terephthalate, High-density polyethylene, Polyvinyl chloride, Low-density polyethylene, Polypropylene, and Polystyrene. Geographically, the activities of the group are functioned through China.

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