Hor Kew (SGX:BBP) ROCE % : 16.02% (As of Dec. 2023)

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What is Hor Kew 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. Hor Kew's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.02%.

Hor Kew ROCE % Historical Data

The historical data trend for Hor Kew'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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Hor Kew ROCE % Chart

Hor Kew Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.77

2.60

5.81

5.28

11.86

Hor Kew 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															3.82	8.28	1.09	9.30	16.02

Hor Kew ROCE % Calculation

Hor Kew'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 )
	=	10.375	/	( ( (169.448 - 96.232)	+	(158.788 - 57.044) )	/ 2 )
	=	10.375	/	( (73.216	+	101.744)	/ 2 )
	=	10.375	/	87.48
	=	11.86 %

Hor Kew'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 )
	=	13.968	/	( ( (167.168 - 94.509)	+	(158.788 - 57.044) )	/ 2 )
	=	13.968	/	( ( 72.659	+	101.744 )	/ 2 )
	=	13.968	/	87.2015
	=	16.02 %

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

Hor Kew (SGX:BBP) 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.

Hor Kew ROCE % Related Terms

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Hor Kew (SGX:BBP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hor Kew Corp Ltd (SGX:BBP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Kallang Pudding Road, No. 07-01, Hor Kew Business Centre, Singapore, SGP, 349324

Website

https://www.horkew.com.sg

Hor Kew Corp Ltd is a building construction company that provides construction-related products and services. The company manufactures and supplies prestressed and reinforced concrete building components and prefinished architectural precast components. Its segments include Property investment and development segment that is engaged in the development, sales and leasing of residential, commercial and industrial properties, construction segment that is engaged in constructing residential, institutional, industrial and commercial properties as the main contractor; and Prefabrication segment that is engaged in design, manufacture and sales of prestressed and reinforced concrete building components as well as prefabricated architectural metal components.