China Everbright Water (SGX:U9E) ROCE % : 8.57% (As of Dec. 2023)

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What is China Everbright Water 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 Everbright Water's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.57%.

China Everbright Water ROCE % Historical Data

The historical data trend for China Everbright Water'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 Everbright Water ROCE % Chart

China Everbright Water Annual Data

Trend

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.19

9.08

8.86

7.56

8.81

China Everbright Water Semi-Annual Data
	Jun14	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															8.96	7.02	7.39	9.71	8.57

China Everbright Water ROCE % Calculation

China Everbright Water'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 )
	=	384.979	/	( ( (5807.345 - 1548.549)	+	(5836.941 - 1354.044) )	/ 2 )
	=	384.979	/	( (4258.796	+	4482.897)	/ 2 )
	=	384.979	/	4370.8465
	=	8.81 %

China Everbright Water's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	367.538	/	( ( (5761.339 - 1671.357)	+	(5836.941 - 1354.044) )	/ 2 )
	=	367.538	/	( ( 4089.982	+	4482.897 )	/ 2 )
	=	367.538	/	4286.4395
	=	8.57 %

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

China Everbright Water (SGX:U9E) 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 Everbright Water ROCE % Related Terms

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China Everbright Water (SGX:U9E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Everbright Water Ltd (SGX:U9E) » Definitions » ROCE %

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BOTRF:USA 01857:Hong Kong BIU2:Germany

Address

Number 1003 Shennan Avenue, 26th Floor, Block A, Oriental Xintiandi Plaza, Futian District, Shenzhen, CHN, 518000

Website

https://www.ebwater.com

China Everbright Water Ltd provides water supply, waste water treatment, sludge treatment, and other environmental services. It designs, constructs, and operates water treatment plants, and extracts energy from water discharged by the plants to power air-conditioning for various buildings. Concession arrangements from various Chinese government authorities span multiple years, and allow the company to operate plants and charge users a fee for consumption. Under the arrangements, China Everbright is obligated to maintain the plants, and receives annual payments from the grantors. Raw materials and consumables are utilized by experienced technicians to repair and maintain facilities. Majority of sales and assets are generated and located in China.

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