Kowloon Development Co (HKSE:00034) ROCE % : 2.88% (As of Jun. 2023)

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What is Kowloon Development Co 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. Kowloon Development Co's annualized ROCE % for the quarter that ended in Jun. 2023 was 2.88%.

Kowloon Development Co ROCE % Historical Data

The historical data trend for Kowloon Development Co'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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Kowloon Development Co ROCE % Chart

Kowloon Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.18

2.76

8.14

5.62

2.01

Kowloon Development Co 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															10.90	1.21	10.54	2.88	2.13

Kowloon Development Co ROCE % Calculation

Kowloon Development Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1742.988	/	( ( (48117.226 - 14628.888)	+	(47765.804 - 19190.832) )	/ 2 )
	=	1742.988	/	( (33488.338	+	28574.972)	/ 2 )
	=	1742.988	/	31031.655
	=	5.62 %

Kowloon Development Co's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	712.062	/	( ( (47765.804 - 19190.832)	+	(47141.192 - 26188.644) )	/ 2 )
	=	712.062	/	( ( 28574.972	+	20952.548 )	/ 2 )
	=	712.062	/	24763.76
	=	2.88 %

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

Kowloon Development Co (HKSE:00034) 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.

Kowloon Development Co ROCE % Related Terms

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Kowloon Development Co (HKSE:00034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kowloon Development Co Ltd (HKSE:00034) » Definitions » ROCE %

Traded in Other Exchanges

KOX:Germany

Address

750 Nathan Road, 23rd Floor, Pioneer Centre, Kowloon, Hong Kong, HKG

Website

https://www.kdc.com.hk

Kowloon Development Co Ltd is an investment holding company. It operates in three segments: Property development, which includes the development and sale of properties and interests in property development; Property investment segment includes leasing of properties to generate rental income and to gain from the appreciation in the properties' values in the long term; and Other businesses segment, which includes the financial investments, the provision of financial services, the provision of property management services and treasury operations. The company generates the majority of its revenue from the sale of properties. Its geographical segments are Hong Kong, which accounts for the majority of revenue; Mainland China; and Others.

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