Zhejiang Feida Environmental Science & Technology Co (SHSE:600526) ROCE % : 5.46% (As of Mar. 2024)

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What is Zhejiang Feida Environmental Science & Technology 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. Zhejiang Feida Environmental Science & Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.46%.

Zhejiang Feida Environmental Science & Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Feida Environmental Science & Technology 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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Zhejiang Feida Environmental Science & Technology Co ROCE % Chart

Zhejiang Feida Environmental Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.36

6.46

8.35

7.25

7.26

Zhejiang Feida Environmental Science & Technology 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															5.42	6.01	6.64	10.61	5.46

Zhejiang Feida Environmental Science & Technology Co ROCE % Calculation

Zhejiang Feida Environmental Science & Technology 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 )
	=	406.066	/	( ( (9719.375 - 4307.16)	+	(10540.116 - 4764.079) )	/ 2 )
	=	406.066	/	( (5412.215	+	5776.037)	/ 2 )
	=	406.066	/	5594.126
	=	7.26 %

Zhejiang Feida Environmental Science & Technology 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 )
	=	316.096	/	( ( (10540.116 - 4764.079)	+	(10232.858 - 4423.942) )	/ 2 )
	=	316.096	/	( ( 5776.037	+	5808.916 )	/ 2 )
	=	316.096	/	5792.4765
	=	5.46 %

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

Zhejiang Feida Environmental Science & Technology Co (SHSE:600526) 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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Zhejiang Feida Environmental Science & Technology Co (SHSE:600526) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Feida Environmental Science & Technology Co Ltd (SHSE:600526) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88 Wangyun Road, Zhuji City, Zhejiang, CHN, 311800

Website

http://www.feida.biz

Zhejiang Feida Environmental Science & Technology Co Ltd is engaged in the business of designing and manufacturing equipment for air quality control. Its business includes Flue gas treatment; Water treatment; Solid Waste treatment; Soil ecological restoration; Cyclic economy industrial park; and Equipment manufacture.

Executives

Wu Quan Ming	Director
Shou Song	senior management
Shu Ying Gang	Director
Shou Zhi Yi	senior management
Zhao Xi Yong	senior management
Wang Jian Bo	Director
Wu Fa Li	senior management
Feng Bao Ming	senior management
Zhao Qin Xia	senior management
Zhong Min Jun	senior management
Zhang Ye	Director
Wang Xin Long	senior management
Xu Ren Liang	senior management
Zhou Ming Liang	senior management
Xu Quan An	senior management

Zhejiang Feida Environmental Science & Technology Co (SHSE:600526) Headlines

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