WELLE Environmental Group Co (SZSE:300190) ROCE % : -0.14% (As of Sep. 2024)

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What is WELLE Environmental Group 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. WELLE Environmental Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.14%.

WELLE Environmental Group Co ROCE % Historical Data

The historical data trend for WELLE Environmental Group 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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WELLE Environmental Group Co ROCE % Chart

WELLE Environmental Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.20

9.57

5.23

-5.98

-2.19

WELLE Environmental Group 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															2.37	-17.40	5.54	2.95	-0.14

WELLE Environmental Group Co ROCE % Calculation

WELLE Environmental Group 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 )
	=	-129.097	/	( ( (9905.952 - 3813.139)	+	(9080.777 - 3366.874) )	/ 2 )
	=	-129.097	/	( (6092.813	+	5713.903)	/ 2 )
	=	-129.097	/	5903.358
	=	-2.19 %

WELLE Environmental Group 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 )
	=	-7.804	/	( ( (8606.799 - 2932.693)	+	(8481.991 - 2882.017) )	/ 2 )
	=	-7.804	/	( ( 5674.106	+	5599.974 )	/ 2 )
	=	-7.804	/	5637.04
	=	-0.14 %

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

WELLE Environmental Group Co (SZSE:300190) 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.

WELLE Environmental Group Co ROCE % Related Terms

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WELLE Environmental Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » WELLE Environmental Group Co Ltd (SZSE:300190) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 156 Hanjiang Road, Changzhou New District, Jiangsu, CHN

Website

http://www.wellegroup.com

WELLE Environmental Group Co Ltd is engaged in organic waste treatment in China. It business activities include technologies and integrated solutions for leachate treatment, food waste treatment, kitchen waste and mixed garbage treatment, waste to energy (WTE), municipal sewage and sludge treatment, biogas to energy, flue gas purification, soil and water pollution remediation, VOC oil vapor recovery, energy conservation and emission reduction and other water, solid and air-related technologies.

Executives

Zhang Jin Feng	Executives
Pu Yan Xin	Directors, executives
Zhou Li Ye	Directors, executives
Jiang Guo Liang	Directors, executives
Zong Tao	Directors, executives
Zhu Wei Bing	Supervisors
Huang Xing Gang	Supervisors

WELLE Environmental Group Co Headlines

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