Canvest Environmental Protection Group Co (HKSE:01381) ROCE % : 7.99% (As of Jun. 2024)

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What is Canvest Environmental Protection 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. Canvest Environmental Protection Group Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 7.99%.

Canvest Environmental Protection Group Co ROCE % Historical Data

The historical data trend for Canvest Environmental Protection 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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Canvest Environmental Protection Group Co ROCE % Chart

Canvest Environmental Protection Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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11.44

10.38

10.46

8.21

8.59

Canvest Environmental Protection Group Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															9.49	9.23	7.04	7.99	8.63

Canvest Environmental Protection Group Co ROCE % Calculation

Canvest Environmental Protection 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 )
	=	1816.201	/	( ( (25820.181 - 3836.04)	+	(27075.156 - 4814.978) )	/ 2 )
	=	1816.201	/	( (21984.141	+	22260.178)	/ 2 )
	=	1816.201	/	22122.1595
	=	8.21 %

Canvest Environmental Protection 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 )
	=	1775.016	/	( ( (27075.156 - 4814.978)	+	(27134.855 - 4963.084) )	/ 2 )
	=	1775.016	/	( ( 22260.178	+	22171.771 )	/ 2 )
	=	1775.016	/	22215.9745
	=	7.99 %

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

Canvest Environmental Protection Group Co (HKSE:01381) 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.

Canvest Environmental Protection Group Co ROCE % Related Terms

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Canvest Environmental Protection Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Canvest Environmental Protection Group Co Ltd (HKSE:01381) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0XC:Germany

Address

2 San Yuan Road, Level 24, Canvest Tower, Nan Cheng District, Guangdong, Dongguan, CHN

Website

https://www.canvestenvironment.com

Canvest Environmental Protection Group Co Ltd is engaged in the operation and management of waste-to-energy (WTE) plants, provision of environmental hygiene and related services, and integrated smart city management services. It has single-segment WTE project construction and operation. Its revenues from business areas: Power sales, Waste treatment fees, Construction, Finance income, and Environmental hygiene and other services income. The majority of the company's revenue and assets are generated and located in China.

Executives

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Hsbc International Trustee Limited	2106 Person having a security interest in shares
Shanghai Industrial Holdings Limited	2101 Beneficial owner
Shanghai Industrial Investment (holdings) Company Limited	2201 Interest of corporation controlled by you
Lai Kin Man	2106 Person having a security interest in shares
Lai Chun Tung	2106 Person having a security interest in shares
Lee Wing Yee Loretta	2106 Person having a security interest in shares

Canvest Environmental Protection Group Co Headlines

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