Keck Seng Investments (Hong Kong) (HKSE:00184) ROCE % : 13.79% (As of Dec. 2023)

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What is Keck Seng Investments (Hong Kong) 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. Keck Seng Investments (Hong Kong)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 13.79%.

Keck Seng Investments (Hong Kong) ROCE % Historical Data

The historical data trend for Keck Seng Investments (Hong Kong)'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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Keck Seng Investments (Hong Kong) ROCE % Chart

Keck Seng Investments (Hong Kong) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.98

-15.45

-4.40

4.16

10.02

Keck Seng Investments (Hong Kong) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-3.75	1.75	6.40	7.10	13.79

Keck Seng Investments (Hong Kong) ROCE % Calculation

Keck Seng Investments (Hong Kong)'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 )
	=	440.707	/	( ( (5635.896 - 1839.2)	+	(5796.137 - 798.735) )	/ 2 )
	=	440.707	/	( (3796.696	+	4997.402)	/ 2 )
	=	440.707	/	4397.049
	=	10.02 %

Keck Seng Investments (Hong Kong)'s ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	609.948	/	( ( (5642.152 - 1792.751)	+	(5796.137 - 798.735) )	/ 2 )
	=	609.948	/	( ( 3849.401	+	4997.402 )	/ 2 )
	=	609.948	/	4423.4015
	=	13.79 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Keck Seng Investments (Hong Kong) (HKSE:00184) 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.

Keck Seng Investments (Hong Kong) ROCE % Related Terms

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Keck Seng Investments (Hong Kong) (HKSE:00184) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Keck Seng Investments (Hong Kong) Ltd (HKSE:00184) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KCKSF:USA KEC:Germany

Address

168-200 Connaught Road Central, Room 2902 West Tower, Shun Tak Centre, Central, Hong Kong, HKG

Website

https://www.keckseng.com.hk

Keck Seng Investments (Hong Kong) Ltd is an investment holding company engaged in hotel and club operations, property investment and development and the provision of management services. It has three operating segments: Hotel segment; Property segment and Investment and corporate segment. Majority of the revenue is derived from Hotel segment that is engaged in the businesses of hotel room accommodation, provision of food and beverage at hotel restaurant outlets and operation of slot machines at one of the Group's hotels.

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