Kim Heng (SGX:5G2) ROCE % : 11.70% (As of Dec. 2023)

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What is Kim Heng 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. Kim Heng's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.70%.

Kim Heng ROCE % Historical Data

The historical data trend for Kim Heng'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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Kim Heng ROCE % Chart

Kim Heng Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.43

-7.96

-1.88

13.66

9.18

Kim Heng 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															0.20	12.09	15.04	7.26	11.70

Kim Heng ROCE % Calculation

Kim Heng'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 )
	=	9.171	/	( ( (153.465 - 55.51)	+	(167.226 - 65.425) )	/ 2 )
	=	9.171	/	( (97.955	+	101.801)	/ 2 )
	=	9.171	/	99.878
	=	9.18 %

Kim Heng'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 )
	=	11.402	/	( ( (149.071 - 55.923)	+	(167.226 - 65.425) )	/ 2 )
	=	11.402	/	( ( 93.148	+	101.801 )	/ 2 )
	=	11.402	/	97.4745
	=	11.70 %

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

Kim Heng (SGX:5G2) 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.

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Kim Heng (SGX:5G2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kim Heng Ltd (SGX:5G2) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 48 Penjuru Road, Singapore, SGP, 609152

Website

https://www.kimheng.com.sg

Kim Heng Ltd is an integrated offshore and marine value chain service provider. It is engaged in providing services like supply chain management which includes the provision of logistics, general shipping, and crew management, and provision of offshore supply vessels and heavy lift equipment, vessel sales, and newbuild which includes purchase and refurbishment of vessels for onselling, and heavy equipment sale and rental which includes leasing, sale, maintenance, import and export of heavy equipment, and providing equipment and machinery like a crawler, lorry, and mobile cranes. The operating segments are Offshore Rig Services and Supply Chain Management, and Vessel Sales and Newbuilds where offshore rig services contribute the majority of revenue.

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