Suntar Environmental Technology Co (SHSE:688101) ROCE % : 7.26% (As of Mar. 2024)

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What is Suntar 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. Suntar Environmental Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.26%.

Suntar Environmental Technology Co ROCE % Historical Data

The historical data trend for Suntar 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.

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Suntar Environmental Technology Co ROCE % Chart

Suntar Environmental Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.34

6.84

6.61

6.43

7.19

Suntar 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															5.73	6.37	8.18	8.47	7.26

Suntar Environmental Technology Co ROCE % Calculation

Suntar 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 )
	=	298.056	/	( ( (5298.968 - 1307.637)	+	(5538.253 - 1233.461) )	/ 2 )
	=	298.056	/	( (3991.331	+	4304.792)	/ 2 )
	=	298.056	/	4148.0615
	=	7.19 %

Suntar 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 )
	=	314.796	/	( ( (5538.253 - 1233.461)	+	(5566.372 - 1194.107) )	/ 2 )
	=	314.796	/	( ( 4304.792	+	4372.265 )	/ 2 )
	=	314.796	/	4338.5285
	=	7.26 %

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

Suntar Environmental Technology Co (SHSE:688101) 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.

Suntar Environmental Technology Co ROCE % Related Terms

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Suntar Environmental Technology Co (SHSE:688101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Suntar Environmental Technology Co Ltd (SHSE:688101) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

St. Graphene Film Industrial Park, Baota District, Shaanxi Province, Yan'an, CHN, 716000

Website

http://www.suntar.com

Suntar Environmental Technology Co Ltd is an industrial separation and membrane water treatment solution provider. The company is involved in two business area namely Membrane technology application in which industrial separation and membrane water treatment activities are undertaken; and water investment operation.

Executives

Hong Yu Bin	Core technical personnel
Chen Mao Tian	Supervisors
Ye Sheng	Director
Tang Jia Jing	Directors, senior managers
Fang Fu Lin	senior management
Dai Xiao Xing	Director
Huang Jun Huang	Supervisors

Suntar Environmental Technology Co (SHSE:688101) Headlines

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