Hong Kong Exchanges and Clearing (HKSE:00388) ROCE % : 66.50% (As of Dec. 2023)

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What is Hong Kong Exchanges and Clearing 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. Hong Kong Exchanges and Clearing's annualized ROCE % for the quarter that ended in Dec. 2023 was 66.50%.

Hong Kong Exchanges and Clearing ROCE % Historical Data

The historical data trend for Hong Kong Exchanges and Clearing'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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Hong Kong Exchanges and Clearing ROCE % Chart

Hong Kong Exchanges and Clearing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.24

27.38

28.25

26.34

36.05

Hong Kong Exchanges and Clearing Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															29.38	47.72	25.15	66.50	24.78

Hong Kong Exchanges and Clearing ROCE % Calculation

Hong Kong Exchanges and Clearing'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 )
	=	19427	/	( ( (406051 - 352948)	+	(341179 - 286511) )	/ 2 )
	=	19427	/	( (53103	+	54668)	/ 2 )
	=	19427	/	53885.5
	=	36.05 %

Hong Kong Exchanges and Clearing'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	35520	/	( ( (342482 - 290324)	+	(341179 - 286511) )	/ 2 )
	=	35520	/	( ( 52158	+	54668 )	/ 2 )
	=	35520	/	53413
	=	66.50 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Hong Kong Exchanges and Clearing (HKSE:00388) 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.

Hong Kong Exchanges and Clearing ROCE % Related Terms

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Hong Kong Exchanges and Clearing (HKSE:00388) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hong Kong Exchanges and Clearing Ltd (HKSE:00388) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HKXCY:USA HKXCF:USA HK2C:Germany

Address

8 Connaught Place, 8th Floor, Two Exchange Square, Central, Hong Kong, HKG

Website

https://www.hkexgroup.com

Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.

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