Fujian Haixia Environmental Protection Group Co (SHSE:603817) ROCE % : 6.60% (As of Mar. 2024)

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What is Fujian Haixia Environmental Protection Group 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. Fujian Haixia Environmental Protection Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.60%.

Fujian Haixia Environmental Protection Group Co ROCE % Historical Data

The historical data trend for Fujian Haixia Environmental Protection Group 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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Fujian Haixia Environmental Protection Group Co ROCE % Chart

Fujian Haixia Environmental Protection Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.59

6.99

6.93

6.56

5.49

Fujian Haixia Environmental Protection Group 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															6.14	7.39	6.79	1.88	6.60

Fujian Haixia Environmental Protection Group Co ROCE % Calculation

Fujian Haixia Environmental Protection Group 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 )
	=	240.91	/	( ( (5827.912 - 1585.827)	+	(6186.068 - 1657.117) )	/ 2 )
	=	240.91	/	( (4242.085	+	4528.951)	/ 2 )
	=	240.91	/	4385.518
	=	5.49 %

Fujian Haixia Environmental Protection Group 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 )
	=	326.968	/	( ( (6186.068 - 1657.117)	+	(6783.368 - 1404.718) )	/ 2 )
	=	326.968	/	( ( 4528.951	+	5378.65 )	/ 2 )
	=	326.968	/	4953.8005
	=	6.60 %

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

Fujian Haixia Environmental Protection Group Co (SHSE:603817) 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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Fujian Haixia Environmental Protection Group Co (SHSE:603817) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Fujian Haixia Environmental Protection Group Co Ltd (SHSE:603817) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 16, Yangli Road, Gushan Town, Jin'an District, Fujian Province, Fuzhou, CHN, 350014

Website

http://www.fjhxhb.com

Fujian Haixia Environmental Protection Group Co Ltd is a Chinese company engaged in the businesses of sewage treatment and its recycling; investment, construction, management and maintenance of sewage treatment plant and sewage collection, treatment and discharge facilities; consultation and design of water supply and drainage engineering; equipment sales and installation; sewage treatment and sludge treatment, development. In addition, it is also involved in the business of technology transfer; training and appraisal of urban sewage treatment workers; water pollution control; and solid waste treatment and power generation.

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