China Environmental Energy Investment (HKSE:00986) ROCE % : 7.05% (As of Sep. 2024)

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What is China Environmental Energy Investment 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 Environmental Energy Investment's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.05%.

China Environmental Energy Investment ROCE % Historical Data

The historical data trend for China Environmental Energy Investment'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 Environmental Energy Investment ROCE % Chart

China Environmental Energy Investment Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-8.19

1.81

0.76

-3.24

-4.70

China Environmental Energy Investment Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															1.60	-7.94	1.12	-10.68	7.05

China Environmental Energy Investment ROCE % Calculation

China Environmental Energy Investment's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-16.932	/	( ( (414.043 - 38.449)	+	(387.418 - 43.181) )	/ 2 )
	=	-16.932	/	( (375.594	+	344.237)	/ 2 )
	=	-16.932	/	359.9155
	=	-4.70 %

China Environmental Energy Investment's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	24.854	/	( ( (387.418 - 43.181)	+	(409.896 - 49.518) )	/ 2 )
	=	24.854	/	( ( 344.237	+	360.378 )	/ 2 )
	=	24.854	/	352.3075
	=	7.05 %

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

China Environmental Energy Investment (HKSE:00986) 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 Environmental Energy Investment ROCE % Related Terms

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China Environmental Energy Investment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Environmental Energy Investment Ltd (HKSE:00986) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

25 Harbour Road, Room 910, 9th Floor, Harbour Centre, Wanchai, Hong Kong, HKG

Website

http://www.986.com.hk

China Environmental Energy Investment Ltd is an investment holding company engaged in the purchase and sale of gold and diamonds. The group's segments are the Design and marketing of jewelry and Money Lending. The design and marketing of jewelry segment generates maximum revenue and includes the design of jewelry, OEM, and sales and marketing of jewelry. The group has a business presence in Hong Kong, the PRC, and other countries.

Executives

Guo Sha	2101 Beneficial owner
Dong Qian	2101 Beneficial owner

China Environmental Energy Investment Headlines

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