Qingdao Daneng Environmental Protection Equipment Co (SHSE:688501) ROCE % : 6.78% (As of Sep. 2024)

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What is Qingdao Daneng Environmental Protection Equipment 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. Qingdao Daneng Environmental Protection Equipment Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.78%.

Qingdao Daneng Environmental Protection Equipment Co ROCE % Historical Data

The historical data trend for Qingdao Daneng Environmental Protection Equipment 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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Qingdao Daneng Environmental Protection Equipment Co ROCE % Chart

Qingdao Daneng Environmental Protection Equipment Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.49

13.92

12.64

11.18

12.71

Qingdao Daneng Environmental Protection Equipment 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															2.40	35.44	4.63	11.28	6.78

Qingdao Daneng Environmental Protection Equipment Co ROCE % Calculation

Qingdao Daneng Environmental Protection Equipment 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 )
	=	112.34	/	( ( (1687.392 - 849.07)	+	(1926.488 - 996.907) )	/ 2 )
	=	112.34	/	( (838.322	+	929.581)	/ 2 )
	=	112.34	/	883.9515
	=	12.71 %

Qingdao Daneng Environmental Protection Equipment 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 )
	=	76.284	/	( ( (2458.899 - 1358.717)	+	(2686.437 - 1535.905) )	/ 2 )
	=	76.284	/	( ( 1100.182	+	1150.532 )	/ 2 )
	=	76.284	/	1125.357
	=	6.78 %

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

Qingdao Daneng Environmental Protection Equipment Co (SHSE:688501) 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.

Qingdao Daneng Environmental Protection Equipment Co ROCE % Related Terms

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Qingdao Daneng Environmental Protection Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Daneng Environmental Protection Equipment Co Ltd (SHSE:688501) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Daneng Road, Industrial Park, Jiaobei Office, Jiaozhou City, Shandong Province, Qingdao, CHN, 266313

Website

http://www.daneng.cc

Qingdao Daneng Environmental Protection Equipment Co Ltd is involved in the energy-saving and environmental protection industry. It provides customers with a full range of energy-saving and environmentally-friendly products. The company's technology and products have covered the prevention and control of pollutants such as slag, dust, flue gas, fine particulate matter, NOX, SOX, desulfurization wastewater, and boiler slag and flue gas waste heat recover.

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