Guodian Technology & Environment Group (HKSE:01296) ROCE % : -2.73% (As of Dec. 2021)

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What is Guodian Technology & Environment 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. Guodian Technology & Environment Group's annualized ROCE % for the quarter that ended in Dec. 2021 was -2.73%.

Guodian Technology & Environment Group ROCE % Historical Data

The historical data trend for Guodian Technology & Environment 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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Guodian Technology & Environment Group ROCE % Chart

Guodian Technology & Environment Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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8.64

3.82

3.19

5.57

-5.36

Guodian Technology & Environment Group Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
ROCE %	Get a 7-Day Free Trial															4.53	-1.60	12.71	-6.79	-2.73

Guodian Technology & Environment Group ROCE % Calculation

Guodian Technology & Environment Group's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-829.528	/	( ( (43603.451 - 26639.12)	+	(29963.929 - 15950.631) )	/ 2 )
	=	-829.528	/	( (16964.331	+	14013.298)	/ 2 )
	=	-829.528	/	15488.8145
	=	-5.36 %

Guodian Technology & Environment Group's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Jun. 2021 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Jun. 2021 )		(Q: Dec. 2021 )
	=	-441.884	/	( ( (42341.234 - 23953.011)	+	(29963.929 - 15950.631) )	/ 2 )
	=	-441.884	/	( ( 18388.223	+	14013.298 )	/ 2 )
	=	-441.884	/	16200.7605
	=	-2.73 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2021) EBIT data.

Guodian Technology & Environment Group (HKSE:01296) 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.

Guodian Technology & Environment Group ROCE % Related Terms

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Guodian Technology & Environment Group (HKSE:01296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guodian Technology & Environment Group Corp Ltd (HKSE:01296) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

W.4th Ring Middle Road, Suite 1101, 11th Floor, Building 1, Yard 16, Haidian District, Beijing, CHN, 100039

Website

http://www.khjt.com.cn

Guodian Technology & Environment Group Corp Ltd together with its subsidiaries offers flagship platform for environmental protection and energy conservation solutions businesses. It operates in the following segments: Environmental Protection; Energy Conservation Solutions; Wind Power Products and Services; and All Others. The Environmental Protection segment offers environmental protection products and services which mainly consist of sulphur oxide, nitrogen oxide control technologies, rental of desulphurization and denitrification facilities. Energy Conservation Solutions segment which derives the majority of revenue covers energy-saving products and services. Wind Power Products and Services segment manufactures and sells wind turbine parts and components.

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