Chiho Environmental Group (HKSE:00976) ROCE % : 5.96% (As of Jun. 2024)

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What is Chiho Environmental 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. Chiho Environmental Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 5.96%.

Chiho Environmental Group ROCE % Historical Data

The historical data trend for Chiho Environmental 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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Chiho Environmental Group ROCE % Chart

Chiho Environmental Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.91

-9.70

20.47

10.88

4.25

Chiho Environmental Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															14.90	7.20	7.01	1.41	5.96

Chiho Environmental Group ROCE % Calculation

Chiho Environmental 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 )
	=	235.9	/	( ( (8573 - 3098)	+	(8720.4 - 3086) )	/ 2 )
	=	235.9	/	( (5475	+	5634.4)	/ 2 )
	=	235.9	/	5554.7
	=	4.25 %

Chiho Environmental Group's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	336.8	/	( ( (8720.4 - 3086)	+	(8918.8 - 3249.1) )	/ 2 )
	=	336.8	/	( ( 5634.4	+	5669.7 )	/ 2 )
	=	336.8	/	5652.05
	=	5.96 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Chiho Environmental Group (HKSE:00976) 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.

Chiho Environmental Group ROCE % Related Terms

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Chiho Environmental Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chiho Environmental Group Ltd (HKSE:00976) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

T4N:Germany

Address

199 Des Voeux Road Central, Suite 1001, 10th Floor, Infinitus Plaza, Sheung Wan, Hong Kong, HKG

Website

https://www.chihogroup.com

Chiho Environmental Group Ltd is engaged in the principal business of resources recycling, involving recycling of mixed metal, end-of-life vehicle (ELV), waste electrical and electronic equipment (WEEE), wasted oil and Zorba in Asia, Europe and North America. The company, Geographically operates in Asia, Europe and North America, out of which majority of revenue is derived Europe.

Executives

Tu Jianhua	2201 Interest of corporation controlled by you
Yu Shang Tou Zi Ji Tuan Xiang Gang You Xian Gong Si	2101 Beneficial owner
Yu Shang Tou Zi Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Long Xin Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Long Xin Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhang Mingjie	2201 Interest of corporation controlled by you
Tai Security Holding Limited	2101 Beneficial owner

Chiho Environmental Group Headlines

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