China Water Industry Group (FRA:HAU2) ROCE % : -12.99% (As of Dec. 2023)

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What is China Water Industry Group 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. China Water Industry Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.99%.

China Water Industry Group ROCE % Historical Data

The historical data trend for China Water Industry Group'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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China Water Industry Group ROCE % Chart

China Water Industry Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.80

8.63

6.13

2.92

-6.34

China Water Industry Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-2.97	5.66	0.35	-0.20	-12.99

China Water Industry Group ROCE % Calculation

China Water Industry Group'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 )
	=	-17.847	/	( ( (419.959 - 127.068)	+	(395.773 - 125.659) )	/ 2 )
	=	-17.847	/	( (292.891	+	270.114)	/ 2 )
	=	-17.847	/	281.5025
	=	-6.34 %

China Water Industry Group'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-35.138	/	( ( (384.622 - 113.806)	+	(395.773 - 125.659) )	/ 2 )
	=	-35.138	/	( ( 270.816	+	270.114 )	/ 2 )
	=	-35.138	/	270.465
	=	-12.99 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

China Water Industry Group (FRA:HAU2) 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.

China Water Industry Group ROCE % Related Terms

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China Water Industry Group (FRA:HAU2) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Water Industry Group Ltd (FRA:HAU2) » Definitions » ROCE %

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01129:Hong Kong

Address

Dashi First Road, Xili Community, Xili Street, Room 2204, 22nd Floor, Block A, Building 6, Shenzhen International Innovation Valley, Nanshan District, Shenzhen, CHN

Website

https://www.chinawaterind.com

China Water Industry Group Ltd is an investment holding company engaged in the water supplying and energy related business. The company operates in three business segments. Provision of water supply, sewage treatment, and construction services segment, which derives revenue from provision of water supply and sewage treatment operations and related construction services; Exploitation and sale of renewable energy segment, which derives revenues from the sale of electricity and compressed natural gas from biogas power plants; and Property investment and development segment that derives revenues from the sale of commercial and residential units.

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