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Keppel Infrastructure Trust (SGX:A7RU) ROIC % : 0.00% (As of Jun. 2024)


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What is Keppel Infrastructure Trust ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Keppel Infrastructure Trust's annualized return on invested capital (ROIC %) for the quarter that ended in Jun. 2024 was 0.00%.

As of today (2024-12-13), Keppel Infrastructure Trust's WACC % is 5.42%. Keppel Infrastructure Trust's ROIC % is 1.34% (calculated using TTM income statement data). Keppel Infrastructure Trust earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Keppel Infrastructure Trust ROIC % Historical Data

The historical data trend for Keppel Infrastructure Trust's ROIC % 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.

Keppel Infrastructure Trust ROIC % Chart

Keppel Infrastructure Trust Annual Data
Trend Mar14 Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.39 1.93 1.96 -0.46 3.07

Keppel Infrastructure Trust Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.22 - 2.11 3.47 -

Competitive Comparison of Keppel Infrastructure Trust's ROIC %

For the Specialty Chemicals subindustry, Keppel Infrastructure Trust's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Keppel Infrastructure Trust's ROIC % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Keppel Infrastructure Trust's ROIC % distribution charts can be found below:

* The bar in red indicates where Keppel Infrastructure Trust's ROIC % falls into.



Keppel Infrastructure Trust ROIC % Calculation

Keppel Infrastructure Trust's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2023 is calculated as:

ROIC % (A: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2022 ) + Invested Capital (A: Dec. 2023 ))/ count )
=196.533 * ( 1 - 16.93% )/( (5726.907 + 4908.898)/ 2 )
=163.2599631/5317.9025
=3.07 %

where

Invested Capital(A: Dec. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5962.756 - 325.007 - ( 486.874 - max(0, 1326.595 - 1237.437+486.874))
=5726.907

Invested Capital(A: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5617.178 - 258.757 - ( 449.523 - max(0, 552.947 - 1128.972+449.523))
=4908.898

Keppel Infrastructure Trust's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Jun. 2024 is calculated as:

ROIC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=0 * ( 1 - 0% )/( (4908.898 + 5293.836)/ 2 )
=0/5101.367
=0.00 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5617.178 - 258.757 - ( 449.523 - max(0, 552.947 - 1128.972+449.523))
=4908.898

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6263.509 - 494.516 - ( 475.157 - max(0, 672.468 - 1152.74+475.157))
=5293.836

Note: The Operating Income data used here is four times the quarterly (Jun. 2024) data.

* 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.


Keppel Infrastructure Trust  (SGX:A7RU) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Keppel Infrastructure Trust's WACC % is 5.42%. Keppel Infrastructure Trust's ROIC % is 1.34% (calculated using TTM income statement data).


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Keppel Infrastructure Trust ROIC % Related Terms

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Keppel Infrastructure Trust Business Description

Traded in Other Exchanges
N/A
Address
1 HarbourFront Avenue, Level 2, No. 18-01 Keppel Bay Tower, Singapore, SGP, 098632
Keppel Infrastructure Trust is a diversified business trust. Its objective is to invest in infrastructure assets and provide unitholders with regular and predictable distributions and the potential for long-term capital growth. Its portfolio comprises strategic businesses and assets in the three core segments of Energy Transition, Environmental Services, and Distribution & Storage. A majority of the company's revenue is generated from the Distribution & Storage segment which is engaged in supplying and distributing water treatment chemicals, industrial and specialty chemicals, and storage of petroleum products.

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