Kian Ann Engineering Limited (SGX:K04) ROCE % : 13.03% (As of Sep. 2012)

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What is Kian Ann Engineering Limited 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. Kian Ann Engineering Limited's annualized ROCE % for the quarter that ended in Sep. 2012 was 13.03%.

Kian Ann Engineering Limited ROCE % Historical Data

The historical data trend for Kian Ann Engineering Limited'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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Kian Ann Engineering Limited ROCE % Chart

Kian Ann Engineering Limited Annual Data

Trend

Jun03

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

ROCE %

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12.48

12.55

12.79

14.83

15.13

Kian Ann Engineering Limited Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
ROCE %	Get a 7-Day Free Trial					17.33	15.37	14.35	13.65	13.03

Kian Ann Engineering Limited ROCE % Calculation

Kian Ann Engineering Limited's annualized ROCE % for the fiscal year that ended in Jun. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2012 )		(A: Jun. 2011 )		(A: Jun. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2012 )		(A: Jun. 2011 )		(A: Jun. 2012 )
	=	23.989	/	( ( (201.46 - 52.104)	+	(222.528 - 54.676) )	/ 2 )
	=	23.989	/	( (149.356	+	167.852)	/ 2 )
	=	23.989	/	158.604
	=	15.13 %

Kian Ann Engineering Limited's ROCE % of for the quarter that ended in Sep. 2012 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2012 )		(Q: Jun. 2012 )		(Q: Sep. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2012 )		(Q: Jun. 2012 )		(Q: Sep. 2012 )
	=	22.048	/	( ( (222.528 - 54.676)	+	(224.483 - 54.04) )	/ 2 )
	=	22.048	/	( ( 167.852	+	170.443 )	/ 2 )
	=	22.048	/	169.1475
	=	13.03 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2012) EBIT data.

Kian Ann Engineering Limited (SGX:K04) 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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Kian Ann Engineering Limited (SGX:K04) Business Description

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