Shanghai CEO Environmental Protection Technology Co (SHSE:688335) ROCE % : 0.27% (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Shanghai CEO 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. Shanghai CEO Environmental Protection Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.27%.

Shanghai CEO Environmental Protection Technology Co ROCE % Historical Data

The historical data trend for Shanghai CEO 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.

* Premium members only.

Shanghai CEO Environmental Protection Technology Co ROCE % Chart

Shanghai CEO Environmental Protection Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

42.13

12.04

6.36

11.13

8.58

Shanghai CEO 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															10.69	6.57	-9.82	26.90	0.27

Shanghai CEO Environmental Protection Technology Co ROCE % Calculation

Shanghai CEO 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 )
	=	107.737	/	( ( (1544.223 - 301.087)	+	(1533.382 - 266.077) )	/ 2 )
	=	107.737	/	( (1243.136	+	1267.305)	/ 2 )
	=	107.737	/	1255.2205
	=	8.58 %

Shanghai CEO 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 )
	=	3.472	/	( ( (1533.382 - 266.077)	+	(1434.307 - 166.457) )	/ 2 )
	=	3.472	/	( ( 1267.305	+	1267.85 )	/ 2 )
	=	3.472	/	1267.5775
	=	0.27 %

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

Shanghai CEO Environmental Protection Technology Co (SHSE:688335) 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.

Shanghai CEO Environmental Protection Technology Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shanghai CEO Environmental Protection Technology Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai CEO Environmental Protection Technology Co (SHSE:688335) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai CEO Environmental Protection Technology Co Ltd (SHSE:688335) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Lane 1688, Guoquan North Road, 8th Floor, Building A7, Bay Valley Technology Park, Yangpu District, Shanghai, CHN, 200433

Website

http://www.ceo.sh.cn

Shanghai CEO Environmental Protection Technology Co Ltd is a national high-tech enterprise dedicated to ecological environmental protection and governance. The company has owned core technologies such as low-temperature vacuum dehydration and drying integration technology and exhaust gas purification series technology. It provides sludge dehydration and drying and exhaust gas purification technology equipment and services for urban and industrial (park) sewage treatment plants (stations). It integrates the research and development, design, manufacturing, integration, installation and installation of high-end energy-saving and environmental protection technologies and equipment.

Shanghai CEO Environmental Protection Technology Co (SHSE:688335) Headlines

No Headlines