Poten Environment Group Co (SHSE:603603) ROCE % : 3.98% (As of Sep. 2023)

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What is Poten Environment 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. Poten Environment Group Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 3.98%.

Poten Environment Group Co ROCE % Historical Data

The historical data trend for Poten Environment 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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Poten Environment Group Co ROCE % Chart

Poten Environment Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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6.97

-12.84

-3.32

-23.86

51.98

Poten Environment Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															8.09	213.78	4.69	4.74	3.98

Poten Environment Group Co ROCE % Calculation

Poten Environment Group Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1853.766	/	( ( (9467.617 - 6695.307)	+	(8005.229 - 3644.413) )	/ 2 )
	=	1853.766	/	( (2772.31	+	4360.816)	/ 2 )
	=	1853.766	/	3566.563
	=	51.98 %

Poten Environment Group Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	170.292	/	( ( (7396.61 - 3088.115)	+	(7375.878 - 3118.257) )	/ 2 )
	=	170.292	/	( ( 4308.495	+	4257.621 )	/ 2 )
	=	170.292	/	4283.058
	=	3.98 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Poten Environment Group Co (SHSE:603603) 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.

Poten Environment Group Co ROCE % Related Terms

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Poten Environment Group Co (SHSE:603603) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Poten Environment Group Co Ltd (SHSE:603603) » Definitions » ROCE %

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Address

No. 60 Xizhimen North Street, Room 12A06-08, Shougang International Building, Haidian District, Beijing, CHN, 100082

Website

http://www.poten.cn

Poten Environment Group Co Ltd is a China based company engaged in providing integrated water systems and solutions for Urban water environment, Industrial water system, and Ecological restoration and soil remediation. The urban water environment service includes traditional water environment services like water supply, domestic sewage treatment and reclaimed water. The Industrial and energy water systems include coal chemical, petrochemical, fine chemical, thermoelectric, textile and paper, food and beverage, bio-pharmaceutical, electronic machinery and other industrial fields. The Ecological restoration and soil remediation solutions comprise groundwater pollution control, black and odorous water bodies and watershed management, and contaminated site remediation.

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