Wuxi Delinhai Environmental Technology Co (SHSE:688069) ROCE % : -0.86% (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Wuxi Delinhai Environmental Technology 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. Wuxi Delinhai Environmental Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.86%.

Wuxi Delinhai Environmental Technology Co ROCE % Historical Data

The historical data trend for Wuxi Delinhai Environmental Technology 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.

* Premium members only.

Wuxi Delinhai Environmental Technology Co ROCE % Chart

Wuxi Delinhai Environmental Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

42.99

26.30

8.98

4.48

-1.22

Wuxi Delinhai Environmental Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-4.97	2.45	-4.26	1.91	-0.86

Wuxi Delinhai Environmental Technology Co ROCE % Calculation

Wuxi Delinhai Environmental Technology 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 )
	=	-17.797	/	( ( (1784.044 - 298.01)	+	(1682.648 - 244.097) )	/ 2 )
	=	-17.797	/	( (1486.034	+	1438.551)	/ 2 )
	=	-17.797	/	1462.2925
	=	-1.22 %

Wuxi Delinhai Environmental Technology Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-12.092	/	( ( (1682.648 - 244.097)	+	(1685.118 - 297.655) )	/ 2 )
	=	-12.092	/	( ( 1438.551	+	1387.463 )	/ 2 )
	=	-12.092	/	1413.007
	=	-0.86 %

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

Wuxi Delinhai Environmental Technology Co (SHSE:688069) 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.

Wuxi Delinhai Environmental Technology Co ROCE % Related Terms

Thank you for viewing the detailed overview of Wuxi Delinhai Environmental Technology Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Wuxi Delinhai Environmental Technology Co (SHSE:688069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Delinhai Environmental Technology Co Ltd (SHSE:688069) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 88 Meiliang Road, Binhu District, Jiangsu Province, Wuxi, CHN, 214092

Website

http://www.wxdlh.com

Wuxi Delinhai Environmental Technology Co Ltd is engaged in provision of emergency treatment of cyanobacteria blooms in lakes and reservoirs, and prevention and control of cyanobacteria blooms. The company develops, sells and integrates cyanobacteria in accordance with the government's dual public demand for lake and reservoir cyanobacteria control provides operation and maintenance technology equipment and professional operation and maintenance services for algae water separation station and other cyanobacteria treatment technology equipment.

Executives

Hu Hang Yu	Supervisors
Sun Yang	Director, core technical staff
Ma Jian Hua	Directors, senior managers
Hu Ming Ming	Directors, senior managers, core technical personn
Ding Xi Qing	senior management

Wuxi Delinhai Environmental Technology Co (SHSE:688069) Headlines

No Headlines