Kai Yuan Holdings (HKSE:01215) ROCE % : 4.64% (As of Dec. 2023)

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What is Kai Yuan Holdings 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. Kai Yuan Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.64%.

Kai Yuan Holdings ROCE % Historical Data

The historical data trend for Kai Yuan Holdings'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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Kai Yuan Holdings ROCE % Chart

Kai Yuan Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.44

-12.32

-4.25

-0.02

3.17

Kai Yuan Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-5.41	-0.39	0.36	1.32	4.64

Kai Yuan Holdings ROCE % Calculation

Kai Yuan Holdings'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 )
	=	88.852	/	( ( (3616.583 - 92.565)	+	(3668.046 - 1594.944) )	/ 2 )
	=	88.852	/	( (3524.018	+	2073.102)	/ 2 )
	=	88.852	/	2798.56
	=	3.17 %

Kai Yuan Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	130.79	/	( ( (3666.339 - 104.556)	+	(3668.046 - 1594.944) )	/ 2 )
	=	130.79	/	( ( 3561.783	+	2073.102 )	/ 2 )
	=	130.79	/	2817.4425
	=	4.64 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Kai Yuan Holdings (HKSE:01215) 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.

Kai Yuan Holdings ROCE % Related Terms

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Kai Yuan Holdings (HKSE:01215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kai Yuan Holdings Ltd (HKSE:01215) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

178 Gloucester Road, 28th Floor, Chinachem Century Tower, Wanchai, Hong Kong, HKG

Website

https://www.kaiyuanholdings.com

Kai Yuan Holdings Ltd is an investment holding company. The company is organized into two segments - the Hotel Operation segment engaged in the operation of hotel businesses in Hong Kong and France, and the Money-Lending segment engaged in providing mortgage loans in Hong Kong. It generates maximum revenue from the hotel operation segment.

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