Taizhou Water Group Co (HKSE:01542) ROCE % : 1.57% (As of Jun. 2024)

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What is Taizhou Water 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. Taizhou Water Group Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 1.57%.

Taizhou Water Group Co ROCE % Historical Data

The historical data trend for Taizhou Water 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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Taizhou Water Group Co ROCE % Chart

Taizhou Water Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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6.31

5.63

3.26

1.18

0.81

Taizhou Water Group Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial											3.55	0.58	1.79	1.57	0.07

Taizhou Water Group Co ROCE % Calculation

Taizhou Water 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 )
	=	58.469	/	( ( (6407.316 - 1489.553)	+	(6456.568 - 1487.012) )	/ 2 )
	=	58.469	/	( (4917.763	+	4969.556)	/ 2 )
	=	58.469	/	4943.6595
	=	1.18 %

Taizhou Water 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 )
	=	77.452	/	( ( (6456.568 - 1487.012)	+	(6246.621 - 1323.334) )	/ 2 )
	=	77.452	/	( ( 4969.556	+	4923.287 )	/ 2 )
	=	77.452	/	4946.4215
	=	1.57 %

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

Taizhou Water Group Co (HKSE:01542) 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.

Taizhou Water Group Co ROCE % Related Terms

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Taizhou Water Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Taizhou Water Group Co Ltd (HKSE:01542) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 308 Yin Quan Road, Xicheng Street, Huangyan District, Zhejiang Province, Taizhou, CHN

Website

https://www.zjtzwater.com

Taizhou Water Group Co Ltd is a water supply service provider in Taizhou that supplies raw water and municipal water. It supplies tap water directly to end users and engages in the installation of water pipelines for distributing tap water to its end users. The company operates in one reportable operating segment which is water supply and installation of water pipelines. All of the group's revenue is generated from Mainland China.

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