Chin Hsin Environ Engineering Co (TPE:6951) ROCE % : 30.03% (As of Dec. 2024)

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What is Chin Hsin Environ Engineering 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. Chin Hsin Environ Engineering Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 30.03%.

Chin Hsin Environ Engineering Co ROCE % Historical Data

The historical data trend for Chin Hsin Environ Engineering 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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Chin Hsin Environ Engineering Co ROCE % Chart

Chin Hsin Environ Engineering Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

18.66

15.58

20.24

18.97

28.66

Chin Hsin Environ Engineering Co Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial								28.00	20.18	23.45	35.83	30.03

Chin Hsin Environ Engineering Co ROCE % Calculation

Chin Hsin Environ Engineering Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	266.22	/	( ( (1098.673 - 373.92)	+	(1543.407 - 410.066) )	/ 2 )
	=	266.22	/	( (724.753	+	1133.341)	/ 2 )
	=	266.22	/	929.047
	=	28.66 %

Chin Hsin Environ Engineering Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	331.92	/	( ( (1465.599 - 388.465)	+	(1543.407 - 410.066) )	/ 2 )
	=	331.92	/	( ( 1077.134	+	1133.341 )	/ 2 )
	=	331.92	/	1105.2375
	=	30.03 %

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

Chin Hsin Environ Engineering Co (TPE:6951) 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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Chin Hsin Environ Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Chin Hsin Environ Engineering Co Ltd (TPE:6951) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 58-1, Yanping Road, Jutong Township, Yunlin County, Douliu, TWN, 647008

Website

https://www.chin-hsin.com.tw

Chin Hsin Environ Engineering Co Ltd offers the removal of general, hazardous industrial waste and biomedical waste produced by business institutions and medical institutions in Taiwan. It offers hazardous industrial waste and biomedical waste treatment for business institutions and medical institutions.

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