Kung Sing Engineering (TPE:5521) ROCE % : 8.02% (As of Sep. 2024)

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What is Kung Sing Engineering 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. Kung Sing Engineering's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.02%.

Kung Sing Engineering ROCE % Historical Data

The historical data trend for Kung Sing Engineering'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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Kung Sing Engineering ROCE % Chart

Kung Sing Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.84

20.70

1.49

1.23

1.57

Kung Sing Engineering Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															2.75	2.25	-6.67	1.22	8.02

Kung Sing Engineering ROCE % Calculation

Kung Sing Engineering'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 )
	=	86.762	/	( ( (7325.115 - 1836.832)	+	(8748.109 - 3169.253) )	/ 2 )
	=	86.762	/	( (5488.283	+	5578.856)	/ 2 )
	=	86.762	/	5533.5695
	=	1.57 %

Kung Sing Engineering's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	445.42	/	( ( (10064.465 - 4519.818)	+	(9997.876 - 4428.62) )	/ 2 )
	=	445.42	/	( ( 5544.647	+	5569.256 )	/ 2 )
	=	445.42	/	5556.9515
	=	8.02 %

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

Kung Sing Engineering (TPE:5521) 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.

Kung Sing Engineering ROCE % Related Terms

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Kung Sing Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kung Sing Engineering Corp (TPE:5521) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 102, Civic Boulevard, 8th Floor, Section 4, Daan District, Taipei, TWN, 106

Website

https://www.kseco.com.tw

Kung Sing Engineering Corp is engaged in civil engineering and construction projects. It constructs highways, tunnels, bridges, mass transportation systems, schools, as well as residential and commercial buildings. It has reportable segments such as Kung Sing, Chan Pang, and Kung Sing Development, it makes majority of the revenue from the Kung Sing segment.

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