Shengyuan Environmental Protection Co (SZSE:300867) ROCE % : 6.35% (As of Sep. 2024)

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What is Shengyuan Environmental Protection 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. Shengyuan Environmental Protection Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.35%.

Shengyuan Environmental Protection Co ROCE % Historical Data

The historical data trend for Shengyuan Environmental Protection 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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Shengyuan Environmental Protection Co ROCE % Chart

Shengyuan Environmental Protection Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.62

10.88

11.94

6.36

5.65

Shengyuan Environmental Protection 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															5.64	3.85	6.33	6.81	6.35

Shengyuan Environmental Protection Co ROCE % Calculation

Shengyuan Environmental Protection 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 )
	=	392.101	/	( ( (8410.201 - 1427.198)	+	(8503.642 - 1614.643) )	/ 2 )
	=	392.101	/	( (6983.003	+	6888.999)	/ 2 )
	=	392.101	/	6936.001
	=	5.65 %

Shengyuan Environmental Protection 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 )
	=	445.78	/	( ( (8776.552 - 1811.621)	+	(8681.665 - 1604.228) )	/ 2 )
	=	445.78	/	( ( 6964.931	+	7077.437 )	/ 2 )
	=	445.78	/	7021.184
	=	6.35 %

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

Shengyuan Environmental Protection Co (SZSE:300867) 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.

Shengyuan Environmental Protection Co ROCE % Related Terms

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Shengyuan Environmental Protection Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Shengyuan Environmental Protection Co Ltd (SZSE:300867) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Huli Avenue, second floor of Dongdu Road No.104, Northern Commercial Building, Huli District, Fujian Province, Xiamen, CHN

Website

https://www.chinasyep.com

Shengyuan Environmental Protection Co Ltd is a comprehensive management enterprise specializing in garbage incineration power generation, sewage treatment, among others. The company owns garbage incineration power plants in operation, construction and preparation, sewage treatment plants, landfill leachate treatment station, kitchen waste disposal project under way, and the system of collection, transportation and terminal treatment of domestic garbage.

Executives

Cai Yan Bin	Supervisors
Zhu Yu Xuan	Director
Chen Wen Yu	Directors, Directors, and Executives

Shengyuan Environmental Protection Co Headlines

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