Shangri-La Hotel PCL (BKK:SHANG) ROCE % : 10.97% (As of Dec. 2023)

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What is Shangri-La Hotel PCL 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. Shangri-La Hotel PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.97%.

Shangri-La Hotel PCL ROCE % Historical Data

The historical data trend for Shangri-La Hotel PCL'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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Shangri-La Hotel PCL ROCE % Chart

Shangri-La Hotel PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.27

-13.03

-5.37

0.66

8.71

Shangri-La Hotel PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.36	9.72	4.73	6.42	10.97

Shangri-La Hotel PCL ROCE % Calculation

Shangri-La Hotel PCL'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 )
	=	646.517	/	( ( (7809.042 - 394.668)	+	(7848.676 - 413.543) )	/ 2 )
	=	646.517	/	( (7414.374	+	7435.133)	/ 2 )
	=	646.517	/	7424.7535
	=	8.71 %

Shangri-La Hotel PCL'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	830.26	/	( ( (8028.141 - 324.802)	+	(7848.676 - 413.543) )	/ 2 )
	=	830.26	/	( ( 7703.339	+	7435.133 )	/ 2 )
	=	830.26	/	7569.236
	=	10.97 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Shangri-La Hotel PCL (BKK:SHANG) 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.

Shangri-La Hotel PCL ROCE % Related Terms

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Shangri-La Hotel PCL (BKK:SHANG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shangri-La Hotel PCL (BKK:SHANG) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Charoenkrung Road, No. 89, Soi Wat Suan Plu, Bangrak, Bangkok, THA, 10500

Website

https://www.shangri-la.com

Shangri-La Hotel PCL is engaged in hotel operations in Bangkok. It operates in two business segments namely the Hotel business and the Holding investment segment. It generates maximum revenue from the Hotel segment.

Shangri-La Hotel PCL (BKK:SHANG) Headlines

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