Zhejiang Tengy Environmental Technology Co (HKSE:01527) ROCE % : 3.76% (As of Jun. 2023)

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What is Zhejiang Tengy Environmental Technology 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. Zhejiang Tengy Environmental Technology Co's annualized ROCE % for the quarter that ended in Jun. 2023 was 3.76%.

Zhejiang Tengy Environmental Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Tengy Environmental Technology 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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Zhejiang Tengy Environmental Technology Co ROCE % Chart

Zhejiang Tengy Environmental Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.97

1.03

4.24

9.87

8.24

Zhejiang Tengy Environmental Technology Co Semi-Annual Data
	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														7.87	5.31	14.94	3.76	12.87

Zhejiang Tengy Environmental Technology Co ROCE % Calculation

Zhejiang Tengy Environmental Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	93.176	/	( ( (1944.872 - 989.033)	+	(1714.968 - 783.381) )	/ 2 )
	=	93.176	/	( (955.839	+	931.587)	/ 2 )
	=	93.176	/	943.713
	=	9.87 %

Zhejiang Tengy Environmental Technology Co's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	34.78	/	( ( (1714.968 - 783.381)	+	(1690.797 - 770.828) )	/ 2 )
	=	34.78	/	( ( 931.587	+	919.969 )	/ 2 )
	=	34.78	/	925.778
	=	3.76 %

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

Zhejiang Tengy Environmental Technology Co (HKSE:01527) 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.

Zhejiang Tengy Environmental Technology Co ROCE % Related Terms

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Zhejiang Tengy Environmental Technology Co (HKSE:01527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Tengy Environmental Technology Co Ltd (HKSE:01527) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

TENGY Industrial Park, Paitou Town, Zhejiang Province, Zhuji, CHN

Website

https://www.tengy.com

Zhejiang Tengy Environmental Technology Co Ltd is a China-based integrated atmospheric pollution control solution provider. Along with its subsidiaries, the firm is principally engaged in the design, development, manufacturing, installation, and sale of environmental pollution prevention equipment and electronic products. Its products include electrostatic precipitators, bag filter precipitators, electrostatic-bag composite precipitators, and others. The organization generates revenue from the sale of environmental protection equipment. Its geographical segments are Mainland China and Other countries, of which maximum revenue is derived from the sales made in Mainland China.

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