Nanjing Wondux Environmental Protection Technology (SHSE:688178) ROCE % : 3.89% (As of Sep. 2024)

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What is Nanjing Wondux Environmental Protection Technology 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. Nanjing Wondux Environmental Protection Technology's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.89%.

Nanjing Wondux Environmental Protection Technology ROCE % Historical Data

The historical data trend for Nanjing Wondux Environmental Protection Technology'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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Nanjing Wondux Environmental Protection Technology ROCE % Chart

Nanjing Wondux Environmental Protection Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.13

17.06

7.09

2.13

-7.62

Nanjing Wondux Environmental Protection Technology 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															4.83	-36.64	1.66	-1.97	3.89

Nanjing Wondux Environmental Protection Technology ROCE % Calculation

Nanjing Wondux Environmental Protection Technology'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 )
	=	-100.703	/	( ( (2151.506 - 835.841)	+	(2188.31 - 859.497) )	/ 2 )
	=	-100.703	/	( (1315.665	+	1328.813)	/ 2 )
	=	-100.703	/	1322.239
	=	-7.62 %

Nanjing Wondux Environmental Protection Technology'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 )
	=	56.516	/	( ( (2203.873 - 780.471)	+	(2144.355 - 661.603) )	/ 2 )
	=	56.516	/	( ( 1423.402	+	1482.752 )	/ 2 )
	=	56.516	/	1453.077
	=	3.89 %

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

Nanjing Wondux Environmental Protection Technology (SHSE:688178) 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.

Nanjing Wondux Environmental Protection Technology ROCE % Related Terms

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Nanjing Wondux Environmental Protection Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Nanjing Wondux Environmental Protection Technology Corp Ltd (SHSE:688178) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 57 Gande Road, Jiangning District, Jiangsu Province, Nanjing, CHN, 211100

Website

http://www.njwds.com

Nanjing Wondux Environmental Protection Technology Corp Ltd is engaged in waste pollution reduction and repair business and provides high-level wastewater treatment. The company's projects include foreign engineering projects; waste treatment projects; leachate (filtration) liquid treatment engineering; air pollution prevention engineering; soil restoration; and ecological restoration.

Executives

Zhang Xiao Sai	senior management
Yuan Dao Ying	Directors, senior managers
Han Hui Suo	Director
Lin Shi Hua	senior management
Chen Can	Directors, senior managers
Dai Xin	senior management
Zhang Kai Sheng	senior management
Xu Bin	senior management

Nanjing Wondux Environmental Protection Technology Headlines

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