Kindom Development Co (TPE:2520) ROCE % : 15.37% (As of Mar. 2024)

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What is Kindom Development Co 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. Kindom Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.37%.

Kindom Development Co ROCE % Historical Data

The historical data trend for Kindom Development Co'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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Kindom Development Co ROCE % Chart

Kindom Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.24

20.54

18.74

14.40

14.23

Kindom Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															11.75	10.77	15.35	19.63	15.37

Kindom Development Co ROCE % Calculation

Kindom Development Co'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 )
	=	4095.225	/	( ( (55862.857 - 27621.505)	+	(57564.626 - 28253.161) )	/ 2 )
	=	4095.225	/	( (28241.352	+	29311.465)	/ 2 )
	=	4095.225	/	28776.4085
	=	14.23 %

Kindom Development Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	4459.776	/	( ( (57564.626 - 28253.161)	+	(57075.757 - 28361.597) )	/ 2 )
	=	4459.776	/	( ( 29311.465	+	28714.16 )	/ 2 )
	=	4459.776	/	29012.8125
	=	15.37 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Kindom Development Co (TPE:2520) 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.

Kindom Development Co ROCE % Related Terms

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Kindom Development Co (TPE:2520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kindom Development Co Ltd (TPE:2520) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 131, Heping East Road, 2nd Floor, Section 3, Daan District, Taipei, TWN, 106

Website

https://www.kindom.com.tw

Kindom Development Co Ltd is a Taiwan-based company that develops, sells, and leases residential and commercial properties. The company operates through three segments. The Development segment develops residential and commercial buildings for rental leases and sales. The Construction segment comprises building engineering businesses, which include the construction of office buildings, factories, hospitals, and residential buildings. This segment is also engaged in civil engineering businesses that include road engineering and bridge engineering. The Department Stores segment operates and leases shopping centers, car parks, and movie theatres.

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