Datang Environment Industry Group Co (HKSE:01272) ROCE % : 11.75% (As of Jun. 2024)

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What is Datang Environment Industry Group Co 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. Datang Environment Industry Group Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 11.75%.

Datang Environment Industry Group Co ROCE % Historical Data

The historical data trend for Datang Environment Industry Group Co'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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Datang Environment Industry Group Co ROCE % Chart

Datang Environment Industry Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.28

5.87

-1.66

5.63

9.19

Datang Environment Industry Group Co 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															7.75	3.62	9.25	8.12	11.75

Datang Environment Industry Group Co ROCE % Calculation

Datang Environment Industry Group Co'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 )
	=	868.4	/	( ( (20489.769 - 11762.744)	+	(19737.373 - 9558.557) )	/ 2 )
	=	868.4	/	( (8727.025	+	10178.816)	/ 2 )
	=	868.4	/	9452.9205
	=	9.19 %

Datang Environment Industry Group Co'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 )
	=	1194.93	/	( ( (19737.373 - 9558.557)	+	(18191.226 - 8035.957) )	/ 2 )
	=	1194.93	/	( ( 10178.816	+	10155.269 )	/ 2 )
	=	1194.93	/	10167.0425
	=	11.75 %

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

Datang Environment Industry Group Co (HKSE:01272) 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.

Datang Environment Industry Group Co ROCE % Related Terms

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Datang Environment Industry Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Datang Environment Industry Group Co Ltd (HKSE:01272) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 120 Zizhuyuan Road, Haidian District, Beijing, CHN, 100097

Website

https://www.dteg.com.cn

Datang Environment Industry Group Co Ltd is engaged in environmental protection facility concession operation, denitrification catalysts, environmental protection facilities engineering, water treatment business, energy conservation business, and renewable energy engineering business. The company's segments include Environmental protection and energy conservation solutions, Renewable energy engineering, Thermal power engineering, and Other businesses. The environmental protection & energy conservation solutions segment generates the vast majority of the revenue. The company generates its revenue from PRC.

Executives

China Life Franklin Asset Management Co., Limited	2102 Investment manager
China Life Insurance (group) Company	2101 Beneficial owner
China Life Insurance (overseas) Company Limited	2101 Beneficial owner
Zhong Guo Ren Shou Bao Xian Ji Tuan Gong Si	2201 Interest of corporation controlled by you

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