Wangneng Environment Co (SZSE:002034) ROCE % : 8.62% (As of Mar. 2024)

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What is Wangneng Environment 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. Wangneng Environment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.62%.

Wangneng Environment Co ROCE % Historical Data

The historical data trend for Wangneng Environment 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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Wangneng Environment Co ROCE % Chart

Wangneng Environment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.48

8.24

9.22

9.29

7.35

Wangneng Environment 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															8.09	9.34	7.99	3.56	8.62

Wangneng Environment Co ROCE % Calculation

Wangneng Environment 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 )
	=	889.71	/	( ( (14487.778 - 2377.033)	+	(14418.488 - 2304.989) )	/ 2 )
	=	889.71	/	( (12110.745	+	12113.499)	/ 2 )
	=	889.71	/	12112.122
	=	7.35 %

Wangneng Environment 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 )
	=	1055.332	/	( ( (14418.488 - 2304.989)	+	(14489.738 - 2114.946) )	/ 2 )
	=	1055.332	/	( ( 12113.499	+	12374.792 )	/ 2 )
	=	1055.332	/	12244.1455
	=	8.62 %

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

Wangneng Environment Co (SZSE:002034) 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.

Wangneng Environment Co ROCE % Related Terms

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Wangneng Environment Co (SZSE:002034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Wangneng Environment Co Ltd (SZSE:002034) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 899 Huanshan Road, Longxi Street, Wuxing District, Zhejiang Province, Huzhou, CHN, 313000

Website

http://www.wannaenergy.com

Wangneng Environment Co Ltd is engaged in providing environmental waste management services. The company provides disposal of solid waste such as household waste, kitchen waste, municipal sludge, and others.

Executives

Ma Jian Zhong	Supervisors
Nie Yong Guo	Executives
Le De Zhong	Executives
Pan Yu Gen	Directors, executives
Dan Chao	Director
Long Fang Sheng	Executives
Fu Min Yong	Executives
Jin Lai Fu	Director
Liu Zhao He	Directors, Directors, and Executives
Xu Xiao Yan	Supervisors
Dan Jian Ming	Director
Shen Jian Jun	Director

Wangneng Environment Co (SZSE:002034) Headlines

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