Lap Kei Engineering (Holdings) (HKSE:01690) ROCE % : 8.00% (As of Dec. 2023)

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What is Lap Kei Engineering (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. Lap Kei Engineering (Holdings)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 8.00%.

Lap Kei Engineering (Holdings) ROCE % Historical Data

The historical data trend for Lap Kei Engineering (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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Lap Kei Engineering (Holdings) ROCE % Chart

Lap Kei Engineering (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-25.04

-1.57

7.18

6.42

6.09

Lap Kei Engineering (Holdings) Semi-Annual Data
	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														19.70	10.79	2.12	4.16	8.00

Lap Kei Engineering (Holdings) ROCE % Calculation

Lap Kei Engineering (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 )
	=	9.125	/	( ( (294.959 - 148.686)	+	(296.941 - 143.588) )	/ 2 )
	=	9.125	/	( (146.273	+	153.353)	/ 2 )
	=	9.125	/	149.813
	=	6.09 %

Lap Kei Engineering (Holdings)'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	12.1	/	( ( (260.942 - 111.775)	+	(296.941 - 143.588) )	/ 2 )
	=	12.1	/	( ( 149.167	+	153.353 )	/ 2 )
	=	12.1	/	151.26
	=	8.00 %

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

Lap Kei Engineering (Holdings) (HKSE:01690) 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.

Lap Kei Engineering (Holdings) ROCE % Related Terms

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Lap Kei Engineering (Holdings) (HKSE:01690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Lap Kei Engineering (Holdings) Ltd (HKSE:01690) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

19 Lam Hing Street, Room 6, 6th Floor, Block B, Tonic Industrial Centre, Kowloon Bay, Hong Kong, HKG

Website

http://www.lapkeieng.com

Lap Kei Engineering (Holdings) Ltd provides engineering services for building services systems. The company is organized into the principal operating divisions of the building services engineering work division and maintenance, repair; and maintenance, repair, and other services division. The building services engineering work division, which is the key revenue-generating segment, comprises the provision of building services engineering work including mechanical ventilation and air-conditioning system, electrical system, plumbing and drainage system, fire system, and other related works. Maintenance, repair, and other services involve the provision of maintenance and repair services for building services systems and the replacement of parts. It derives prime revenue from Hong Kong.

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