Altus Property Ventures (PHS:APVI) ROCE % : 19.11% (As of Mar. 2024)

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What is Altus Property Ventures 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. Altus Property Ventures's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.11%.

Altus Property Ventures ROCE % Historical Data

The historical data trend for Altus Property Ventures'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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Altus Property Ventures ROCE % Chart

Altus Property Ventures Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.15

5.23

12.57

18.47

19.16

Altus Property Ventures 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															20.04	17.49	20.50	18.76	19.11

Altus Property Ventures ROCE % Calculation

Altus Property Ventures'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 )
	=	166.593	/	( ( (911.426 - 114.842)	+	(1061.602 - 119.563) )	/ 2 )
	=	166.593	/	( (796.584	+	942.039)	/ 2 )
	=	166.593	/	869.3115
	=	19.16 %

Altus Property Ventures'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 )
	=	183.524	/	( ( (1061.602 - 119.563)	+	(1093.488 - 114.359) )	/ 2 )
	=	183.524	/	( ( 942.039	+	979.129 )	/ 2 )
	=	183.524	/	960.584
	=	19.11 %

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

Altus Property Ventures (PHS:APVI) 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.

Altus Property Ventures ROCE % Related Terms

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Altus Property Ventures (PHS:APVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Altus Property Ventures Inc (PHS:APVI) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

National Highway, Barangay 1, San Francisco, San Nicolas, Ilocos Norte, Laoag, PHL, 2901

Website

https://www.altuspropertyventures.com.ph

Altus Property Ventures Inc is engaged in the business of selling, acquiring, building, constructing, developing, leasing and disposing of real estate properties and property development of all kinds and nature. The company currently derives all its revenues from the mall it owns and operates referred to as Robinsons Place Ilocos (North Wing).

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