Denox Environmental & Technology Holdings (HKSE:01452) ROCE % : -11.35% (As of Jun. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Denox Environmental & Technology 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. Denox Environmental & Technology Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was -11.35%.

Denox Environmental & Technology Holdings ROCE % Historical Data

The historical data trend for Denox Environmental & Technology 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.

* Premium members only.

Denox Environmental & Technology Holdings ROCE % Chart

Denox Environmental & Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-13.47

-8.74

-8.59

-10.89

-13.67

Denox Environmental & Technology Holdings 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															-7.71	-14.64	-9.99	-17.44	-11.35

Denox Environmental & Technology Holdings ROCE % Calculation

Denox Environmental & Technology 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 )
	=	-27.28	/	( ( (351.094 - 135.891)	+	(405.929 - 222.084) )	/ 2 )
	=	-27.28	/	( (215.203	+	183.845)	/ 2 )
	=	-27.28	/	199.524
	=	-13.67 %

Denox Environmental & Technology Holdings'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 )
	=	-20.334	/	( ( (405.929 - 222.084)	+	(454.909 - 280.53) )	/ 2 )
	=	-20.334	/	( ( 183.845	+	174.379 )	/ 2 )
	=	-20.334	/	179.112
	=	-11.35 %

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

Denox Environmental & Technology Holdings (HKSE:01452) 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.

Denox Environmental & Technology Holdings ROCE % Related Terms

Thank you for viewing the detailed overview of Denox Environmental & Technology Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Denox Environmental & Technology Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Denox Environmental & Technology Holdings Ltd (HKSE:01452) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 128 Western South Fourth Ring Road, Room 1506-1, Block 2, 12th Floor, Fengtai District, Beijing, CHN, 100070

Website

https://www.china-denox.com

Denox Environmental & Technology Holdings Ltd is a China-based firm. The company is mainly engaged in developing and producing products related to air pollution control. Its main products are plate-type DeNOx catalysts, honey-comb DeNOx catalysts and DeNOx catalysts for diesel-powered vehicles. The company derives the majority of its revenue from the PRC.

Executives

Zhao Shu	2201 Interest of corporation controlled by you
Eec Technology Limited
Li Xingwu

Denox Environmental & Technology Holdings Headlines

No Headlines