SPIC Yuanda Environmental Protection Co (SHSE:600292) ROCE % : 3.81% (As of Sep. 2024)

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What is SPIC Yuanda Environmental Protection 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. SPIC Yuanda Environmental Protection Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.81%.

SPIC Yuanda Environmental Protection Co ROCE % Historical Data

The historical data trend for SPIC Yuanda Environmental Protection 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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SPIC Yuanda Environmental Protection Co ROCE % Chart

SPIC Yuanda Environmental Protection Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.00

2.47

3.14

1.77

2.68

SPIC Yuanda Environmental Protection Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															4.16	-0.88	4.19	3.45	3.81

SPIC Yuanda Environmental Protection Co ROCE % Calculation

SPIC Yuanda Environmental Protection 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 )
	=	179.337	/	( ( (10395.974 - 3553.386)	+	(9773.767 - 3219.133) )	/ 2 )
	=	179.337	/	( (6842.588	+	6554.634)	/ 2 )
	=	179.337	/	6698.611
	=	2.68 %

SPIC Yuanda Environmental Protection Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	253.788	/	( ( (9449.809 - 2823.943)	+	(9395.857 - 2695.631) )	/ 2 )
	=	253.788	/	( ( 6625.866	+	6700.226 )	/ 2 )
	=	253.788	/	6663.046
	=	3.81 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

SPIC Yuanda Environmental Protection Co (SHSE:600292) 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.

SPIC Yuanda Environmental Protection Co ROCE % Related Terms

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SPIC Yuanda Environmental Protection Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » SPIC Yuanda Environmental Protection Co Ltd (SHSE:600292) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10, Huanghuan North Road, Building 1, North New District, Chongqing, CHN, 401122

Website

http://www.zdydep.com

SPIC Yuanda Environmental Protection Co Ltd is engaged in electric power generation and distribution and operates thermal electric power plants. The Company also offers engineering technology services and distributes coal. The business activities are geographically carried out through the region of China.

Executives

Tian Jun	Director
Liu Yi	Director

SPIC Yuanda Environmental Protection Co Headlines

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