CK Asset Holdings (HKSE:01113) ROCE % : 4.35% (As of Jun. 2024)

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What is CK Asset 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. CK Asset Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.35%.

CK Asset Holdings ROCE % Historical Data

The historical data trend for CK Asset 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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CK Asset Holdings ROCE % Chart

CK Asset Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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5.72

6.73

5.09

4.78

3.68

CK Asset Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															4.38	5.65	3.91	4.35	2.98

CK Asset Holdings ROCE % Calculation

CK Asset Holdings'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 )
	=	21909	/	( ( (514821 - 54980)	+	(508885 - 51800) )	/ 2 )
	=	21909	/	( (459841	+	457085)	/ 2 )
	=	21909	/	458463
	=	4.78 %

CK Asset Holdings's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	19970	/	( ( (508885 - 51800)	+	(504459 - 42703) )	/ 2 )
	=	19970	/	( ( 457085	+	461756 )	/ 2 )
	=	19970	/	459420.5
	=	4.35 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

CK Asset Holdings (HKSE:01113) 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.

CK Asset Holdings ROCE % Related Terms

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CK Asset Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CK Asset Holdings Ltd (HKSE:01113) » Definitions » ROCE %

Traded in Other Exchanges

CNGKY:USA CHKGF:USA 1CK:Germany

Address

2 Queen’s Road Central, 7th Floor, Cheung Kong Center, Hong Kong, HKG

Website

https://www.ckah.com

CK Asset Holdings was the property business arm of the Cheung Kong Group before the spinoff in 2015. It was subsequently renamed CK Asset Holdings from CK Property in 2017. Li Ka-shing and his family remain the largest shareholders of CK Asset over the years, with about a 48% equity stake. The company mainly engages in property development, property investment, and hotel management in Hong Kong and mainland China, while diversifying into social housing, pub operations, and infrastructure management overseas in recent years.

Executives

Li Ka Shing Foundation Limited
Li Tzar Kuoi, Victor
Li Ka-shing
Li Ka-shing Unity Trustcorp Limited
Li Ka-shing Unity Trustee Company Limited
Li Ka-shing Unity Trustee Corporation Limited
Blackrock, Inc.	2201 Interest of corporation controlled by you

CK Asset Holdings Headlines

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