Keep (HKSE:03650) ROCE % : 128.06% (As of Jun. 2023)

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What is Keep 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. Keep's annualized ROCE % for the quarter that ended in Jun. 2023 was 128.06%.

Keep ROCE % Historical Data

The historical data trend for Keep'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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Keep ROCE % Chart

Keep Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-93.41

-121.49

-107.90

-4.08

56.63

Keep Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	20.30	-36.90	128.06	-9.55

Keep ROCE % Calculation

Keep'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 )
	=	-107.467	/	( ( (3820.997 - 743.088)	+	(2940.914 - 744.977) )	/ 2 )
	=	-107.467	/	( (3077.909	+	2195.937)	/ 2 )
	=	-107.467	/	2636.923
	=	-4.08 %

Keep's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	2621.508	/	( ( (2940.914 - 744.977)	+	(2617.993 - 719.874) )	/ 2 )
	=	2621.508	/	( ( 2195.937	+	1898.119 )	/ 2 )
	=	2621.508	/	2047.028
	=	128.06 %

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

Keep (HKSE:03650) 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.

Keep ROCE % Related Terms

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Keep (HKSE:03650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Keep Inc (HKSE:03650) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Wangjing Street, Building D, Vanke Time Square, Chaoyang, Beijing, CHN

Website

https://keep.com

Keep Inc is a growing and result-oriented platform that provides users with a comprehensive fitness solution to help them achieve their fitness goals. It offers extensive and professional fitness content with AI-assisted personalized curriculums, encompassing interactive live-streaming classes and recorded fitness courses, that dynamically adjust course content and workout intensity based on users' athletic levels, fitness goals, daily workout patterns and diet. Its content is complemented by a variety of smart fitness devices, fitness gear, apparel and food, which enables seamlessly connecting the physical and digital realms to create an immersive, one-stop fitness experience.

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