China Boqi Environmental (Holding) Co (HKSE:02377) ROCE % : 8.16% (As of Jun. 2024)

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What is China Boqi Environmental (Holding) 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. China Boqi Environmental (Holding) Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.16%.

China Boqi Environmental (Holding) Co ROCE % Historical Data

The historical data trend for China Boqi Environmental (Holding) 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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China Boqi Environmental (Holding) Co ROCE % Chart

China Boqi Environmental (Holding) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.43

10.43

14.42

6.03

9.21

China Boqi Environmental (Holding) Co Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial													1.19	11.11	9.86	8.70	8.16

China Boqi Environmental (Holding) Co ROCE % Calculation

China Boqi Environmental (Holding) 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 )
	=	316.141	/	( ( (5276.817 - 1934.731)	+	(5489.454 - 1965.516) )	/ 2 )
	=	316.141	/	( (3342.086	+	3523.938)	/ 2 )
	=	316.141	/	3433.012
	=	9.21 %

China Boqi Environmental (Holding) 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 )
	=	293.49	/	( ( (5489.454 - 1965.516)	+	(5492.633 - 1823.377) )	/ 2 )
	=	293.49	/	( ( 3523.938	+	3669.256 )	/ 2 )
	=	293.49	/	3596.597
	=	8.16 %

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

China Boqi Environmental (Holding) Co (HKSE:02377) 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.

China Boqi Environmental (Holding) Co ROCE % Related Terms

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China Boqi Environmental (Holding) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Boqi Environmental (Holding) Co Ltd (HKSE:02377) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Laiguangying West Road, 9-10th Floor, CCT Center, Chaoyang District, Beijing, CHN, 100123

Website

http://www.chinaboqi.com

China Boqi Environmental (Holding) Co Ltd is an investment holding company providing independent flue gas treatment service and environmental protection solution services by various business models, including environmental protection facility engineering, operation, and maintenance, and concession operation. It operates in four segments: Flue gas treatment; Water treatment; Hazardous and solid waste treatment/disposal business; and Dual-carbon new energy+ business. The group operates in the PRC.

Executives

Cheng Liquan Richard	2401 A concert party to an agreement to buy shares
World Hero International Limited	2101 Beneficial owner
Zhou Xuan	2202 Interest of your spouse
Zhong Guo Shi You Hua Gong Ji Tuan You Xian Gong Si
Zhong Guo Shi Hua Hai Wai Tou Zi Kong Gu You Xian Gong Si
Ge Tong	2202 Interest of your spouse
Zhong Guo Shi You Hua Gong Gu Fen You Xian Gong Si
Best Dawn Limited	2101 Beneficial owner
Zeng Zhijun	2201 Interest of corporation controlled by you
New Asia Limited	2101 Beneficial owner
Zhu Weihang	2201 Interest of corporation controlled by you
Great Origin Ventures Limited	2201 Interest of corporation controlled by you
Cheng Liquan Richard
Cheng Liquan Richard	2401 A concert party to an agreement to buy shares
Bright Hope Global Investments Limited	2201 Interest of corporation controlled by you

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