Xingyuan Environment Technology Co (SZSE:300266) ROCE % : 6.01% (As of Mar. 2024)

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What is Xingyuan Environment Technology 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. Xingyuan Environment Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.01%.

Xingyuan Environment Technology Co ROCE % Historical Data

The historical data trend for Xingyuan Environment Technology 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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Xingyuan Environment Technology Co ROCE % Chart

Xingyuan Environment Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.83

-8.40

4.70

-5.53

-15.18

Xingyuan Environment Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-0.50	-3.01	-2.28	-53.89	6.01

Xingyuan Environment Technology Co ROCE % Calculation

Xingyuan Environment Technology 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 )
	=	-686.133	/	( ( (11126.911 - 6287.441)	+	(10229.698 - 6031.882) )	/ 2 )
	=	-686.133	/	( (4839.47	+	4197.816)	/ 2 )
	=	-686.133	/	4518.643
	=	-15.18 %

Xingyuan Environment Technology Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	252.144	/	( ( (10229.698 - 6031.882)	+	(9846.528 - 5657.768) )	/ 2 )
	=	252.144	/	( ( 4197.816	+	4188.76 )	/ 2 )
	=	252.144	/	4193.288
	=	6.01 %

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

Xingyuan Environment Technology Co (SZSE:300266) 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.

Xingyuan Environment Technology Co ROCE % Related Terms

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Xingyuan Environment Technology Co (SZSE:300266) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xingyuan Environment Technology Co Ltd (SZSE:300266) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1588, Wangmei Road, Yuhang District, Zhejiang, Hangzhou, CHN, 311100

Website

http://www.xingyuan.com

Xingyuan Environment Technology Co Ltd is engaged in providing environmental management integrated services. It primarily focuses on eco-friendly, ecological landscape and ecological water conservancy divisions. It offers water treatment technologies, provides sewage treatment technology systems, offers products for the reuse of reclaimed water. In addition, it provides landscape architecture services in the fields of a river system, lake and reservoir, garden, road, and others. Further, the group has formed a whole industrial chain layout covering high-end equipment manufacturing, environmental pollution control and ecological restoration, ecological environment construction and operation, ecological and cultural tourism, and smart environmental protection.

Executives

Sun Ming Fei	Executives
Tong Qing Chun	Executives
Fu Jun Min	Executives
Li Hong Shun	Supervisors
Sheng Zi Xia	Director
Zhong Wei Yao	Directors, executives
Fan Jian Guo	Supervisors
Shen Shao Hong	Director
Zhang Zheng Hong	Supervisors
Xia Li Ping	Director
Wang Guo Feng	Director
Huan Ming Xiang	Executives

Xingyuan Environment Technology Co (SZSE:300266) Headlines

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