Kwong Luen Engineering Holdings (HKSE:01413) ROCE % : 8.95% (As of Sep. 2023)

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What is Kwong Luen Engineering Holdings 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. Kwong Luen Engineering Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 8.95%.

Kwong Luen Engineering Holdings ROCE % Historical Data

The historical data trend for Kwong Luen Engineering Holdings'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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Kwong Luen Engineering Holdings ROCE % Chart

Kwong Luen Engineering Holdings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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55.94

61.06

25.40

11.74

0.20

Kwong Luen Engineering Holdings Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial					31.03	-7.58	-2.66	3.07	8.95

Kwong Luen Engineering Holdings ROCE % Calculation

Kwong Luen Engineering Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	0.514	/	( ( (310.067 - 51.446)	+	(292.714 - 34.846) )	/ 2 )
	=	0.514	/	( (258.621	+	257.868)	/ 2 )
	=	0.514	/	258.2445
	=	0.20 %

Kwong Luen Engineering Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	23.52	/	( ( (292.714 - 34.846)	+	(326.836 - 59.405) )	/ 2 )
	=	23.52	/	( ( 257.868	+	267.431 )	/ 2 )
	=	23.52	/	262.6495
	=	8.95 %

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

Kwong Luen Engineering Holdings (HKSE:01413) 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.

Kwong Luen Engineering Holdings ROCE % Related Terms

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Kwong Luen Engineering Holdings (HKSE:01413) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kwong Luen Engineering Holdings Ltd (HKSE:01413) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Sha Tsui Road, Unit 2909-2910, 29th Floor, The Octagon, Tsuen Wan, New Territories, Hong Kong, HKG

Website

https://www.kwong-luen.com.hk

Kwong Luen Engineering Holdings Ltd is a foundation works contractor in Hong Kong. The foundation work of the company is mainly comprised of excavation and lateral support works and other associated works including pile cap construction, underground drainage work, and site formation works. The group's operations are located in Hong Kong.

Executives

Kwong Luen Prosperity Limited	2101 Beneficial owner
Kwan Chui Ling	2201 Interest of corporation controlled by you
Yip Kwong Cheung	2201 Interest of corporation controlled by you
Ma Wenkui
Lin Tongbing
Yang Zhenwei

Kwong Luen Engineering Holdings (HKSE:01413) Headlines

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