KKR (KKRPA.PFD) ROCE % : 3.99% (As of Dec. 2023)

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What is KKR 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. KKR's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.99%.

KKR ROCE % Historical Data

The historical data trend for KKR'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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KKR ROCE % Chart

KKR Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.62

9.95

9.67

0.56

3.63

KKR Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															1.17	1.64	3.45	5.53	3.99

KKR ROCE % Calculation

KKR'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 )
	=	9500.58	/	( ( (275346.636 - 29277.597)	+	(317294.194 - 40628.717) )	/ 2 )
	=	9500.58	/	( (246069.039	+	276665.477)	/ 2 )
	=	9500.58	/	261367.258
	=	3.63 %

KKR'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 )
	=	10705.348	/	( ( (288732.956 - 28667.341)	+	(317294.194 - 40628.717) )	/ 2 )
	=	10705.348	/	( ( 260065.615	+	276665.477 )	/ 2 )
	=	10705.348	/	268365.546
	=	3.99 %

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

KKR (NYSE:KKRpA.PFD) 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.

KKR ROCE % Related Terms

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KKR (KKRPA.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » KKR & Co Inc (NYSE:KKRpA.PFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KKR:USA KKRC:Mexico KR51:Germany

Address

30 Hudson Yards, New York, NY, USA, 10001

Website

https://www.kkr.com

KKR is one of the world's largest alternative asset managers, with $518.5 billion in total assets under management, including $420.0 billion in fee-earning AUM, at the end of June 2023. The company has two core segments: asset management (which includes private markets—private equity, credit, infrastructure, energy, and real estate—and public markets—primarily credit and hedge/investment fund platforms) and insurance (following the October 2020 purchase of a 61.5% economic stake in Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance). On the asset management side, private markets account for 50% of fee-earning AUM and 70% of base management fees, while public markets account for 50% and 30%, respectively.