Beijing SPC Environment Protection Tech Co (SZSE:002573) ROCE % : 3.14% (As of Sep. 2024)

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What is Beijing SPC Environment Protection Tech 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. Beijing SPC Environment Protection Tech Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.14%.

Beijing SPC Environment Protection Tech Co ROCE % Historical Data

The historical data trend for Beijing SPC Environment Protection Tech 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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Beijing SPC Environment Protection Tech Co ROCE % Chart

Beijing SPC Environment Protection Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.84

5.14

8.76

7.64

4.56

Beijing SPC Environment Protection Tech 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															5.15	0.01	7.28	2.36	3.14

Beijing SPC Environment Protection Tech Co ROCE % Calculation

Beijing SPC Environment Protection Tech 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 )
	=	690.462	/	( ( (23675.066 - 8733.785)	+	(24557.133 - 9200.595) )	/ 2 )
	=	690.462	/	( (14941.281	+	15356.538)	/ 2 )
	=	690.462	/	15148.9095
	=	4.56 %

Beijing SPC Environment Protection Tech 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 )
	=	473.356	/	( ( (25554.863 - 10355.095)	+	(25596.048 - 10662.388) )	/ 2 )
	=	473.356	/	( ( 15199.768	+	14933.66 )	/ 2 )
	=	473.356	/	15066.714
	=	3.14 %

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

Beijing SPC Environment Protection Tech Co (SZSE:002573) 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.

Beijing SPC Environment Protection Tech Co ROCE % Related Terms

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Beijing SPC Environment Protection Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Beijing SPC Environment Protection Tech Co Ltd (SZSE:002573) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 69 Li Zhuang Road, No. 8, Haidian District, Beijing, CHN, 100142

Website

http://www.qingxin.com.cn

Beijing SPC Environment Protection Tech Co Ltd is a state-level high-tech enterprise specialized in industrial environmental protection, energy conservation and comprehensive utilization of resources. The group operates as a comprehensive service operator in industrial research and development, project investment, engineering design, construction and construction and operation services, which is based on industrial flue gas desulphurization, denitrification, and dust removal. Geographically the activities are carried out through the region of China.

Executives

Jia Shuang Yan	Executives
An De Jun	Executives
Cheng Jian Long	Executives
Li Li Li	Supervisors
Zhang Yan Qiu	Supervisors
Wang Yue Miao	Supervisors
Cai Xiao Fang	Executives
Wang Yong Hui	Director
Zhang Gen Hua	Directors, executives
Li Qi Lin	Directors, executives
Li Cheng Zhi	Supervisors
Wang Juan	Securities Affairs Representative
Cheng Jun Feng	Directors, executives
Yue Xia	Directors, executives
Zhang Kai Yuan	Director

Beijing SPC Environment Protection Tech Co Headlines

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