ELL Environmental Holdings (HKSE:01395) ROCE % : 4.99% (As of Dec. 2023)

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What is ELL Environmental Holdings 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. ELL Environmental Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.99%.

ELL Environmental Holdings ROCE % Historical Data

The historical data trend for ELL Environmental Holdings'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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ELL Environmental Holdings ROCE % Chart

ELL Environmental Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.46

1.64

6.24

2.08

3.28

ELL Environmental Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															10.92	4.19	-0.22	1.55	4.99

ELL Environmental Holdings ROCE % Calculation

ELL Environmental Holdings'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 )
	=	12.625	/	( ( (517.173 - 154.955)	+	(526.101 - 117.327) )	/ 2 )
	=	12.625	/	( (362.218	+	408.774)	/ 2 )
	=	12.625	/	385.496
	=	3.28 %

ELL Environmental Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	19.544	/	( ( (539.594 - 165.479)	+	(526.101 - 117.327) )	/ 2 )
	=	19.544	/	( ( 374.115	+	408.774 )	/ 2 )
	=	19.544	/	391.4445
	=	4.99 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

ELL Environmental Holdings (HKSE:01395) 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.

ELL Environmental Holdings ROCE % Related Terms

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ELL Environmental Holdings (HKSE:01395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » ELL Environmental Holdings Ltd (HKSE:01395) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

North of Huimin Road, Rugao Hengfa Municipal and Industrial Wastewater Treatment Facility, Rugao Economic and Technological Development Zone, Jiangsu, Nantong, CHN

Website

https://www.ellhk.com

ELL Environmental Holdings Ltd is an investment holding company principally engaged in the construction and operation of wastewater treatment facilities and biomass power generation businesses. Its businesses are mainly operated under the build-operate-transfer (BOT) model, including the design of wastewater treatment facilities, through procurement of suitable equipment and materials, the supervision of the construction as well as the ongoing operation and maintenance of the facilities throughout the long term. Its business mainly covers the treatment of municipal, industrial, and heavy metal wastewater. The wastewater treatment facilities constitute revenue for the company. Its geographical segments are Hong Kong, Indonesia, and China.

Executives

Everbest Environmental Investment Limited	2101 Beneficial owner
Wealthy Sea Holdings Limited	2106 Person having a security interest in shares
Chan Chun Keung	2202 Interest of your spouse
Wong Shu Ying	2201 Interest of corporation controlled by you
Chan Kwan	2201 Interest of corporation controlled by you
Chau On Ta Yuen	2106 Person having a security interest in shares
Wong Mei Ling	2202 Interest of your spouse

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