GKE (SGX:595) ROCE % : 6.18% (As of Nov. 2023)

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What is GKE 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. GKE's annualized ROCE % for the quarter that ended in Nov. 2023 was 6.18%.

GKE ROCE % Historical Data

The historical data trend for GKE'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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GKE ROCE % Chart

GKE Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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1.99

8.06

12.38

6.72

5.97

GKE Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
ROCE %	Get a 7-Day Free Trial															8.48	5.11	4.08	8.00	6.18

GKE ROCE % Calculation

GKE's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	9.728	/	( ( (212.974 - 43.232)	+	(200.163 - 43.794) )	/ 2 )
	=	9.728	/	( (169.742	+	156.369)	/ 2 )
	=	9.728	/	163.0555
	=	5.97 %

GKE's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	9.44	/	( ( (200.163 - 43.794)	+	(193.089 - 43.839) )	/ 2 )
	=	9.44	/	( ( 156.369	+	149.25 )	/ 2 )
	=	9.44	/	152.8095
	=	6.18 %

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

GKE (SGX:595) 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.

GKE ROCE % Related Terms

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GKE (SGX:595) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » GKE Corp Ltd (SGX:595) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Benoi Road, No. 06-01, Singapore, SGP, 627725

Website

http://www.gke.com.sg

GKE Corp Ltd is an investment holding firm. The company with its subsidiaries is engaged in providing integrated warehousing and logistics solutions, multi-modal solutions for supply chain management. It is organized in business segments namely, Investment holding; Warehouse and logistics; Infrastructural materials and services and Agriculture. The company generates maximum revenue from the Warehouse and logistics segment.

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