WPG (Shanghai) Smart Water PCL (SHSE:603956) ROCE % : -4.61% (As of Mar. 2024)

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What is WPG (Shanghai) Smart Water PCL 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. WPG (Shanghai) Smart Water PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.61%.

WPG (Shanghai) Smart Water PCL ROCE % Historical Data

The historical data trend for WPG (Shanghai) Smart Water PCL'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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WPG (Shanghai) Smart Water PCL ROCE % Chart

WPG (Shanghai) Smart Water PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.65

13.50

13.34

-5.68

1.51

WPG (Shanghai) Smart Water PCL 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															-8.28	-1.84	0.63	15.81	-4.61

WPG (Shanghai) Smart Water PCL ROCE % Calculation

WPG (Shanghai) Smart Water PCL'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 )
	=	37.824	/	( ( (3465.908 - 955.182)	+	(3339.324 - 846.838) )	/ 2 )
	=	37.824	/	( (2510.726	+	2492.486)	/ 2 )
	=	37.824	/	2501.606
	=	1.51 %

WPG (Shanghai) Smart Water PCL'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 )
	=	-113.956	/	( ( (3339.324 - 846.838)	+	(3369.056 - 920.634) )	/ 2 )
	=	-113.956	/	( ( 2492.486	+	2448.422 )	/ 2 )
	=	-113.956	/	2470.454
	=	-4.61 %

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

WPG (Shanghai) Smart Water PCL (SHSE:603956) 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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WPG (Shanghai) Smart Water PCL (SHSE:603956) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » WPG (Shanghai) Smart Water PCL (SHSE:603956) » Definitions » ROCE %

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Address

No. 1 Hengyong Road, Jiading District, Shanghai, CHN, 201806

Website

https://www.shwpg.com

WPG (Shanghai) Smart Water PCL is a smart water solutions provider, is a professional technology service company dedicated to solving various problems arising in water supply for customers. Its core business includes the development, production, sales and service of secondary water supply Zhilian equipment with the concept of industrial Internet, the deployment, commissioning and maintenance of the intelligent water supply management platform system, providing safe, energy-saving and efficient operation for secondary water supply.

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