HKVTY (HK Electric Investments and HK Electric Investments) ROCE % : 4.38% (As of Jun. 2024)

View and export this data going back to 2014. Start your Free Trial

What is HK Electric Investments and HK Electric Investments 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. HK Electric Investments and HK Electric Investments's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.38%.

HK Electric Investments and HK Electric Investments ROCE % Historical Data

The historical data trend for HK Electric Investments and HK Electric Investments'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.

* Premium members only.

HK Electric Investments and HK Electric Investments ROCE % Chart

HK Electric Investments and HK Electric Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

4.14

4.10

4.55

4.02

4.34

HK Electric Investments and HK Electric Investments Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															3.39	4.64	3.96	4.67	4.38

HK Electric Investments and HK Electric Investments ROCE % Calculation

HK Electric Investments and HK Electric Investments'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 )
	=	637.148	/	( ( (15542.169 - 709.919)	+	(15178.366 - 655.33) )	/ 2 )
	=	637.148	/	( (14832.25	+	14523.036)	/ 2 )
	=	637.148	/	14677.643
	=	4.34 %

HK Electric Investments and HK Electric Investments'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 )
	=	637.644	/	( ( (15178.366 - 655.33)	+	(15220.871 - 622.791) )	/ 2 )
	=	637.644	/	( ( 14523.036	+	14598.08 )	/ 2 )
	=	637.644	/	14560.558
	=	4.38 %

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

HK Electric Investments and HK Electric Investments (OTCPK:HKVTY) 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.

HK Electric Investments and HK Electric Investments ROCE % Related Terms

Thank you for viewing the detailed overview of HK Electric Investments and HK Electric Investments's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

HK Electric Investments and HK Electric Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » HK Electric Investments and HK Electric Investments Ltd (OTCPK:HKVTY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

02638:Hong Kong HKT:Germany

Address

44 Kennedy Road, Hong Kong Electric Centre, Hong Kong, HKG

Website

https://www.hkelectric.com

HK Electric Investments and HK Electric Investments Ltd is a fixed single investment trust in Hong Kong with a focus on the power industry. The Company is a vertically integrated power utility and its operations comprise the generation, transmission, distribution and supply of electricity to Hong Kong Island and Lamma Island. The company have one reporting segment which is the generation and supply of electricity to Hong Kong Island and Lamma Island.

HK Electric Investments and HK Electric Investments Headlines

From GuruFocus

HK Electric Investments and HK Electric Investments Ltd's Dividend Analysis

By GuruFocus Research • 04-05-2024