China Dredging Environment Protection Holdings (HKSE:00871) ROCE % : -48.50% (As of Dec. 2023)

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What is China Dredging Environment Protection Holdings 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 Dredging Environment Protection Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -48.50%.

China Dredging Environment Protection Holdings ROCE % Historical Data

The historical data trend for China Dredging Environment Protection Holdings'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 Dredging Environment Protection Holdings ROCE % Chart

China Dredging Environment Protection Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.61

-34.14

5.57

-20.71

-17.77

China Dredging Environment Protection Holdings 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															-16.75	2.36	-45.73	10.66	-48.50

China Dredging Environment Protection Holdings ROCE % Calculation

China Dredging Environment Protection Holdings'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 )
	=	-184.658	/	( ( (2109.085 - 910.394)	+	(1787.28 - 907.543) )	/ 2 )
	=	-184.658	/	( (1198.691	+	879.737)	/ 2 )
	=	-184.658	/	1039.214
	=	-17.77 %

China Dredging Environment Protection Holdings'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 )
	=	-495.156	/	( ( (2007.557 - 845.356)	+	(1787.28 - 907.543) )	/ 2 )
	=	-495.156	/	( ( 1162.201	+	879.737 )	/ 2 )
	=	-495.156	/	1020.969
	=	-48.50 %

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

China Dredging Environment Protection Holdings (HKSE:00871) 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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China Dredging Environment Protection Holdings (HKSE:00871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Dredging Environment Protection Holdings Ltd (HKSE:00871) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

39 Xindu West Road, 7th Floor, Shengzhou Tower, Yandu District, Jiangsu Province, Yancheng, CHN

Website

http://www.cdep.com.hk

China Dredging Environment Protection Holdings Ltd is engaged in the business of dredging services which can be divided into four segments namely, Capital and Reclamation Dredging business, Environmental Protection Dredging and Water Management business, Property Management Business, and Other Marine Business. It generates maximum revenue from the Other Marine Business segment which comprises marine hoisting, installation, salvaging, vessel chartering, and other engineering services provided by the company. Geographically, it derives the majority of revenue from the People's Republic of China.

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