Kerry Properties (HKSE:00683) ROCE % : 4.96% (As of Dec. 2023)

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What is Kerry Properties 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 Properties's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.96%.

Kerry Properties ROCE % Historical Data

The historical data trend for Kerry Properties'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 Properties ROCE % Chart

Kerry Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.13

5.97

8.38

3.04

4.22

Kerry Properties 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															9.91	4.10	1.75	3.58	4.96

Kerry Properties ROCE % Calculation

Kerry Properties'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 )
	=	7683.513	/	( ( (201474.759 - 19497.198)	+	(208432.382 - 25845.852) )	/ 2 )
	=	7683.513	/	( (181977.561	+	182586.53)	/ 2 )
	=	7683.513	/	182282.0455
	=	4.22 %

Kerry Properties'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 )
	=	8927.78	/	( ( (204982.712 - 27666.434)	+	(208432.382 - 25845.852) )	/ 2 )
	=	8927.78	/	( ( 177316.278	+	182586.53 )	/ 2 )
	=	8927.78	/	179951.404
	=	4.96 %

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

Kerry Properties (HKSE:00683) 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 Properties ROCE % Related Terms

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Kerry Properties (HKSE:00683) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kerry Properties Ltd (HKSE:00683) » Definitions » ROCE %

Traded in Other Exchanges

KRYPY:USA KRYPF:USA KR3:Germany

Address

683 King’s Road, 25th Floor, Kerry Centre, Quarry Bay, Hong Kong, HKG

Website

https://www.kerryprops.com

Kerry Properties Ltd is Hong Kong-based property developer. The company is engaged in investment holding activity. Through its subsidiaries it engages in property development, investment, and management in Hong Kong, the Mainland, and the Asia Pacific region; hotel ownership in Hong Kong, and hotel ownership and operations in the Mainland; and integrated logistics and international freight forwarding. Substantial revenue is derived from the sale of properties.

Executives

Schroders Plc	2102 Investment manager
Kerry Group Limited	2201 Interest of corporation controlled by you

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