Chyunn Environment (ROCO:6911) ROCE % : 13.31% (As of Jun. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Chyunn Environment 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. Chyunn Environment's annualized ROCE % for the quarter that ended in Jun. 2024 was 13.31%.

Chyunn Environment ROCE % Historical Data

The historical data trend for Chyunn Environment'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.

Chyunn Environment ROCE % Chart

Chyunn Environment Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

15.79

18.12

18.62

13.20

9.11

Chyunn Environment Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial				11.56	12.54	10.91	7.40	13.31

Chyunn Environment ROCE % Calculation

Chyunn Environment'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 )
	=	62.905	/	( ( (818.999 - 118.758)	+	(816.276 - 135.709) )	/ 2 )
	=	62.905	/	( (700.241	+	680.567)	/ 2 )
	=	62.905	/	690.404
	=	9.11 %

Chyunn Environment'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 )
	=	90.574	/	( ( (816.276 - 135.709)	+	(835.333 - 154.589) )	/ 2 )
	=	90.574	/	( ( 680.567	+	680.744 )	/ 2 )
	=	90.574	/	680.6555
	=	13.31 %

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

Chyunn Environment (ROCO:6911) 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.

Chyunn Environment ROCE % Related Terms

Thank you for viewing the detailed overview of Chyunn Environment's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Chyunn Environment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Chyunn Environment Corp (ROCO:6911) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Anming Road, No. 100, Section 4, Annan District, Tainan City, TWN

Website

https://www.chyunn.com

Chyunn Environment Corp operates as a waste removal company. The firm engages in Garbage removal, resource recovery, general business waste removal, hazardous business waste removal, construction waste removal, earth and stone resource storage and disposal yards, machine scrapping, water truck business, and environmental protection business consultants.

Chyunn Environment Headlines

No Headlines