Yunnan Water Investment Co (HKSE:06839) ROCE % : -1.74% (As of Jun. 2024)

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What is Yunnan Water Investment 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. Yunnan Water Investment Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -1.74%.

Yunnan Water Investment Co ROCE % Historical Data

The historical data trend for Yunnan Water Investment 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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Yunnan Water Investment Co ROCE % Chart

Yunnan Water Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.85

5.81

1.75

1.20

0.43

Yunnan Water Investment Co 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															2.06	0.83	1.58	-0.72	-1.74

Yunnan Water Investment Co ROCE % Calculation

Yunnan Water Investment 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 )
	=	160.87	/	( ( (52115.405 - 14750.464)	+	(51237.489 - 13171.117) )	/ 2 )
	=	160.87	/	( (37364.941	+	38066.372)	/ 2 )
	=	160.87	/	37715.6565
	=	0.43 %

Yunnan Water Investment 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 )
	=	-611.652	/	( ( (51237.489 - 13171.117)	+	(49780.489 - 17355.63) )	/ 2 )
	=	-611.652	/	( ( 38066.372	+	32424.859 )	/ 2 )
	=	-611.652	/	35245.6155
	=	-1.74 %

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

Yunnan Water Investment Co (HKSE:06839) 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.

Yunnan Water Investment Co ROCE % Related Terms

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Yunnan Water Investment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Yunnan Water Investment Co Ltd (HKSE:06839) » Definitions » ROCE %

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Address

2089 Haiyuan Bei Road, Yunnan Water, Gaoxin District, Yunnan Province, Kunming, CHN

Website

http://www.yunnanwater.cn

Yunnan Water Investment Co Ltd is an investment holding company engaged in the development, design, construction, operation, and maintenance of municipal water supply, wastewater treatment, and solid waste treatment facilities. The Group is organized into five business segments; Wastewater treatment project construction and operation, Water supply project construction and operation, Construction and sales of equipment, Solid waste treatment project construction and operation, and Others, including operation and maintenance services and other businesses. The company operates in Mainland China, Indonesia, Thailand, and Hong Kong, out of which mainland China accounts for the majority of the revenue.

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