Shenwu Energyving Co (SZSE:000820) ROCE % : -26.69% (As of Sep. 2024)

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What is Shenwu Energyving 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. Shenwu Energyving Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -26.69%.

Shenwu Energyving Co ROCE % Historical Data

The historical data trend for Shenwu Energyving 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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Shenwu Energyving Co ROCE % Chart

Shenwu Energyving Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-13.54

-10.27

Shenwu Energyving 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															-29.52	28.45	-8.45	-30.88	-26.69

Shenwu Energyving Co ROCE % Calculation

Shenwu Energyving 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 )
	=	-13.238	/	( ( (352.213 - 229.1)	+	(322.88 - 188.231) )	/ 2 )
	=	-13.238	/	( (123.113	+	134.649)	/ 2 )
	=	-13.238	/	128.881
	=	-10.27 %

Shenwu Energyving 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 )
	=	-33.632	/	( ( (341.206 - 213.016)	+	(444.493 - 320.701) )	/ 2 )
	=	-33.632	/	( ( 128.19	+	123.792 )	/ 2 )
	=	-33.632	/	125.991
	=	-26.69 %

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

Shenwu Energyving Co (SZSE:000820) 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.

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Shenwu Energyving Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenwu Energy Saving Co Ltd (SZSE:000820) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1 Chuangzhi Road, Tower B, Bewinner International Center, Jianye District, Nanjing, CHN, 210019

Website

http://www.sw-es.cn

Shenwu Energy Saving Co Ltd is a waste management company with interests in the utilization of industrial solid waste resources, energy saving and environmental protection process re-engineering and utilization of resources. Geographically operates through China.

Executives

Zhang Jie	Independent director
Wang Kai Xin	Supervisors
Lu Jian Bin	Director
Yu Shun Ke	Executives
Jiang Qiu Lei	Director
Liu Ping	Securities Affairs Representative

Shenwu Energyving Co Headlines

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