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Kerry Properties (HKSE:00683) ROE % : 2.82% (As of Dec. 2023)


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What is Kerry Properties ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Kerry Properties's annualized net income for the quarter that ended in Dec. 2023 was HK$3,009 Mil. Kerry Properties's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was HK$106,745 Mil. Therefore, Kerry Properties's annualized ROE % for the quarter that ended in Dec. 2023 was 2.82%.

The historical rank and industry rank for Kerry Properties's ROE % or its related term are showing as below:

HKSE:00683' s ROE % Range Over the Past 10 Years
Min: 2.44   Med: 7.37   Max: 10.44
Current: 3.02

During the past 13 years, Kerry Properties's highest ROE % was 10.44%. The lowest was 2.44%. And the median was 7.37%.

HKSE:00683's ROE % is ranked better than
51.44% of 1777 companies
in the Real Estate industry
Industry Median: 2.71 vs HKSE:00683: 3.02

Kerry Properties ROE % Historical Data

The historical data trend for Kerry Properties's ROE % 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.

* Premium members only.

Kerry Properties ROE % Chart

Kerry Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.92 5.11 9.14 2.44 3.00

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
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.47 4.77 0.01 3.23 2.82

Competitive Comparison of Kerry Properties's ROE %

For the Real Estate - Development subindustry, Kerry Properties's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kerry Properties's ROE % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Kerry Properties's ROE % distribution charts can be found below:

* The bar in red indicates where Kerry Properties's ROE % falls into.



Kerry Properties ROE % Calculation

Kerry Properties's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=3243.327/( (108786.85+107256.58)/ 2 )
=3243.327/108021.715
=3.00 %

Kerry Properties's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Jun. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=3008.992/( (106233.927+107256.58)/ 2 )
=3008.992/106745.2535
=2.82 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Kerry Properties  (HKSE:00683) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=3008.992/106745.2535
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(3008.992 / 15234.508)*(15234.508 / 206707.547)*(206707.547 / 106745.2535)
=Net Margin %*Asset Turnover*Equity Multiplier
=19.75 %*0.0737*1.9365
=ROA %*Equity Multiplier
=1.46 %*1.9365
=2.82 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=3008.992/106745.2535
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (3008.992 / 7914.968) * (7914.968 / 4673.634) * (4673.634 / 15234.508) * (15234.508 / 206707.547) * (206707.547 / 106745.2535)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.3802 * 1.6935 * 30.68 % * 0.0737 * 1.9365
=2.82 %

Note: The net income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Kerry Properties ROE % Related Terms

Thank you for viewing the detailed overview of Kerry Properties's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Kerry Properties (HKSE:00683) Business Description

Traded in Other Exchanges
Address
683 King’s Road, 25th Floor, Kerry Centre, Quarry Bay, Hong Kong, HKG
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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