Anhui Bossco Environmental Protection Technology Co (SZSE:300422) ROCE % : 12.47% (As of Mar. 2024)

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What is Anhui Bossco Environmental Protection 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. Anhui Bossco Environmental Protection Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.47%.

Anhui Bossco Environmental Protection Technology Co ROCE % Historical Data

The historical data trend for Anhui Bossco Environmental Protection 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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Anhui Bossco Environmental Protection Technology Co ROCE % Chart

Anhui Bossco Environmental Protection Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.47

8.24

-6.89

-4.04

0.54

Anhui Bossco Environmental Protection 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															4.71	4.70	4.98	-14.09	12.47

Anhui Bossco Environmental Protection Technology Co ROCE % Calculation

Anhui Bossco Environmental Protection 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 )
	=	26.659	/	( ( (11996.779 - 6421.802)	+	(10944.19 - 6673.496) )	/ 2 )
	=	26.659	/	( (5574.977	+	4270.694)	/ 2 )
	=	26.659	/	4922.8355
	=	0.54 %

Anhui Bossco Environmental Protection 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 )
	=	531.308	/	( ( (10944.19 - 6673.496)	+	(10689.015 - 6437.757) )	/ 2 )
	=	531.308	/	( ( 4270.694	+	4251.258 )	/ 2 )
	=	531.308	/	4260.976
	=	12.47 %

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

Anhui Bossco Environmental Protection Technology Co (SZSE:300422) 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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Anhui Bossco Environmental Protection Technology Co (SZSE:300422) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Anhui Bossco Environmental Protection Technology Co Ltd (SZSE:300422) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 12 Kexing Road, Gaoxin Zone, Nanning, Guangxi, CHN, 530007

Website

http://www.bossco.cc

Anhui Bossco Environmental Protection Technology Co Ltd formerly Guangxi Bossco Environmental Protection Technology Co Ltd is a comprehensive environmental service provider having multiple subsidiaries and service offices across China. Its services include water treatment, ecological rehabilitation, clean production, solid waste treatment, gas treatment, new sources of energy and green products, implementing by manners of engineering, developing, manufacturing, building, operating and investing for the whole business.

Executives

Song Hai Nong	Executives
Yang Qi Feng	Director
Chen Guo Ning	Directors, executives
Li Cheng Qi	Directors, executives
Huang Hai Shi	Executives
Chen Wen Nan	Supervisors
Lu Li Hai	Executives
Cheng Zi Xia	Securities Affairs Representative
Nong Bin	Executives
Zhou Yong Xin	Executives
Zhan Lei	Executives
Zhao Xuan	Directors, executives
He Ning	Executives

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