Grandblue Environment Co (SHSE:600323) ROCE % : 7.70% (As of Dec. 2023)

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What is Grandblue 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. Grandblue Environment Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.70%.

Grandblue Environment Co ROCE % Historical Data

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

Grandblue Environment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.02

10.16

9.68

8.47

9.51

Grandblue Environment Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.63	8.73	9.98	11.45	7.70

Grandblue Environment Co ROCE % Calculation

Grandblue 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 )
	=	2344.966	/	( ( (33288.112 - 9866.608)	+	(35797.699 - 9908.241) )	/ 2 )
	=	2344.966	/	( (23421.504	+	25889.458)	/ 2 )
	=	2344.966	/	24655.481
	=	9.51 %

Grandblue Environment Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1964.36	/	( ( (36143.454 - 11000.409)	+	(35797.699 - 9908.241) )	/ 2 )
	=	1964.36	/	( ( 25143.045	+	25889.458 )	/ 2 )
	=	1964.36	/	25516.2515
	=	7.70 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Grandblue Environment Co (SHSE:600323) 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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Grandblue Environment Co (SHSE:600323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Grandblue Environment Co Ltd (SHSE:600323) » Definitions » ROCE %

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Address

Cailian Building, Nanhai Avenue, Guicheng, Nanhai District, Guangdong Province, Foshan, CHN, 528200

Website

http://www.grandblue.cn

Grandblue Environment Co Ltd is mainly engaged in urban water supply, sewage treatment, solid waste processing, and construction and operation of municipal infrastructure.

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