Kerry Logistics Network (HKSE:00636) ROCE % : 12.71% (As of Dec. 2023)

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What is Kerry Logistics Network 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. Kerry Logistics Network's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.71%.

Kerry Logistics Network ROCE % Historical Data

The historical data trend for Kerry Logistics Network'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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Kerry Logistics Network ROCE % Chart

Kerry Logistics Network Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.34

5.86

16.08

20.87

8.61

Kerry Logistics Network 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															20.82	23.69	16.64	4.65	12.71

Kerry Logistics Network ROCE % Calculation

Kerry Logistics Network'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 )
	=	2483.396	/	( ( (45334.073 - 15145.128)	+	(42120.915 - 14654.8) )	/ 2 )
	=	2483.396	/	( (30188.945	+	27466.115)	/ 2 )
	=	2483.396	/	28827.53
	=	8.61 %

Kerry Logistics Network'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 )
	=	3590.258	/	( ( (42434.231 - 13417.565)	+	(42120.915 - 14654.8) )	/ 2 )
	=	3590.258	/	( ( 29016.666	+	27466.115 )	/ 2 )
	=	3590.258	/	28241.3905
	=	12.71 %

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

Kerry Logistics Network (HKSE:00636) 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.

Kerry Logistics Network ROCE % Related Terms

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Kerry Logistics Network (HKSE:00636) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kerry Logistics Network Ltd (HKSE:00636) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KYL:Germany

Address

55 Wing Kei Road, 16th Floor, Kerry Cargo Centre, New Territories, Kwai Chung, Hong Kong, HKG

Website

https://www.kln.com

Kerry Logistics Network, or KLN, is a leading Asian diversified logistics service provider with a global presence. KLN is the number one non-vessel operating common carrier, or NVOCC, by volume for transpacific trades in 2022. Its business consists of international freight forwarding (air freight, ocean freight, and cross-border road freight forwarding services), integrated logistics mainly across Asia, and e-commerce and express delivery services. KLN has been majority owned by and consolidated under the international segment of China's leading logistics company S.F. Holding, or SF, since September 2021.

Kerry Logistics Network (HKSE:00636) Headlines

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