Philippine Estates (PHS:PHES) ROCE % : 0.59% (As of Mar. 2024)

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What is Philippine Estates 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. Philippine Estates's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.59%.

Philippine Estates ROCE % Historical Data

The historical data trend for Philippine Estates'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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Philippine Estates ROCE % Chart

Philippine Estates Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.89

4.40

3.93

2.72

3.50

Philippine Estates Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.18	2.89	1.80	8.13	0.59

Philippine Estates ROCE % Calculation

Philippine Estates'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 )
	=	99.528	/	( ( (3089.767 - 280.305)	+	(3101.21 - 227.628) )	/ 2 )
	=	99.528	/	( (2809.462	+	2873.582)	/ 2 )
	=	99.528	/	2841.522
	=	3.50 %

Philippine Estates's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	17.084	/	( ( (3101.21 - 227.628)	+	(3131.706 - 238.812) )	/ 2 )
	=	17.084	/	( ( 2873.582	+	2892.894 )	/ 2 )
	=	17.084	/	2883.238
	=	0.59 %

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

Philippine Estates (PHS:PHES) 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.

Philippine Estates ROCE % Related Terms

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Philippine Estates (PHS:PHES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Philippine Estates Corp (PHS:PHES) » Definitions » ROCE %

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Address

Julia Vargas Avenue corner, Meralco Avenue, 35th Floor One Corporate Center, Ortigas Center, Pasig, PHL, 1605

Website

https://www.phes.com.ph

Philippine Estates Corporation is a real estate company engaged in the business of holding and developing real estate properties or other properties. Its segments include Metro Manila, which includes an industrial park and condominium projects; Other Luzon Areas such as Bulacan, Cavite-subdivision development; Cebu includes subdivision, mixed-use, and condominium projects; Iloilo includes subdivision, mixed-use, and condominium projects; and Davao, which includes an administrative office. It offers real estate properties for industrial, commercial, residential, and leisure or sports purposes. The group derives key revenue from Cebu and Iloilo business segments.

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