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


HKSE:00976 Chiho Environmental Group Ltd HKSE:00976
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What is Chiho Environmental Group ROCE %?

Chiho Environmental Group HKSE:00976 4 ROCE % is 5.96% as of Jun. 2024. GuruFocus rates HKSE:00976 with a GF Score™ of 4/100.

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  (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

Chiho Environmental Group ROCE % Historical Data

* Premium members only.

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.

Chiho Environmental Group ROCE % Chart

Chiho Environmental Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.90 7.20 7.01 1.41 5.96
HKSE:00976
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Chiho Environmental Group Ltd HKSE:00976
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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.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 5.96% mean?
Chiho Environmental Group (HKSE:00976) has a ROCE % of 5.96% as of Jun. 2024.
Is Chiho Environmental Group's ROCE % too high?
Chiho Environmental Group's current ROCE % is 5.96%. The Industrial Products industry median ROCE % is 7.00. Chiho Environmental Group's value of 5.96% is 14.9% below this industry median. Overall, Chiho Environmental Group has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Chiho Environmental Group's ROCE % compare to CRS and ATI?
Chiho Environmental Group's ROCE % of 5.96% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.00. Chiho Environmental Group's value of 5.96% is 14.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.00, based on 3,029 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Chiho Environmental Group's current ROCE % of 5.96% is 14.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median ROCE % is 7.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chiho Environmental Group's current ROCE % is 5.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chiho Environmental Group stock overvalued right now?
Chiho Environmental Group (HKSE:00976) has a current ROCE % of 5.96%. The current ROCE % is 5.96% and 14.9% below the Industrial Products industry median of 7.00. Chiho Environmental Group's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Chiho Environmental Group (HKSE:00976), the current ROCE % is 5.96% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Chiho Environmental Group Business Description

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