Kin Shing Holdings (HKSE:01630) ROCE % : -6.21% (As of Sep. 2023)

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What is Kin Shing 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. Kin Shing Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -6.21%.

Kin Shing Holdings ROCE % Historical Data

The historical data trend for Kin Shing 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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Kin Shing Holdings ROCE % Chart

Kin Shing Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-5.44

-5.55

4.16

-5.86

9.21

Kin Shing Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial													-5.80	-5.83	-3.50	22.10	-6.21

Kin Shing Holdings ROCE % Calculation

Kin Shing 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 )
	=	14.905	/	( ( (379.276 - 222.405)	+	(425.96 - 259.048) )	/ 2 )
	=	14.905	/	( (156.871	+	166.912)	/ 2 )
	=	14.905	/	161.8915
	=	9.21 %

Kin Shing 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 )
	=	-10.14	/	( ( (425.96 - 259.048)	+	(490.661 - 331.028) )	/ 2 )
	=	-10.14	/	( ( 166.912	+	159.633 )	/ 2 )
	=	-10.14	/	163.2725
	=	-6.21 %

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

Kin Shing Holdings (HKSE:01630) 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.

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Kin Shing Holdings (HKSE:01630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kin Shing Holdings Ltd (HKSE:01630) » Definitions » ROCE %

Comparable Companies

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N/A

Address

10 Cheung Yue Street, Unit D, 9th Floor, Billion Plaza 2, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.kinshingholdings.com.hk

Kin Shing Holdings Ltd is an investment holding company. The group is a formwork subcontractor. The operating segments of the company include the Formwork works segment which is engaged in the provision of formwork works and other ancillary works and the Building construction works segment and the Trading and Investment business which is engaged in investing in financial instruments. The company generates maximum revenue from the Formwork works segment. Geographically, the group's operations are located in Hong Kong.

Kin Shing Holdings (HKSE:01630) Headlines

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