Chemical Industries of the Philippines (PHS:CIP) ROCE % : 5.66% (As of Dec. 2023)

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What is Chemical Industries of the Philippines 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. Chemical Industries of the Philippines's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.66%.

Chemical Industries of the Philippines ROCE % Historical Data

The historical data trend for Chemical Industries of the Philippines'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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Chemical Industries of the Philippines ROCE % Chart

Chemical Industries of the Philippines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.86

-1.33

-2.02

-0.80

28.55

Chemical Industries of the Philippines 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															-0.77	148.11	0.80	-10.07	5.66

Chemical Industries of the Philippines ROCE % Calculation

Chemical Industries of the Philippines'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 )
	=	547.289	/	( ( (1440.843 - 215.464)	+	(3374.921 - 766.531) )	/ 2 )
	=	547.289	/	( (1225.379	+	2608.39)	/ 2 )
	=	547.289	/	1916.8845
	=	28.55 %

Chemical Industries of the Philippines'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 )
	=	119.728	/	( ( (3096.251 - 1472.346)	+	(3374.921 - 766.531) )	/ 2 )
	=	119.728	/	( ( 1623.905	+	2608.39 )	/ 2 )
	=	119.728	/	2116.1475
	=	5.66 %

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

Chemical Industries of the Philippines (PHS:CIP) 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.

Chemical Industries of the Philippines ROCE % Related Terms

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Chemical Industries of the Philippines (PHS:CIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Chemical Industries of the Philippines Inc (PHS:CIP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chemphil Building, 851 Antonio Arnaiz Avenue, San Lorenzo, Makati, PHL, 1229

Website

https://www.chemphil.com.ph

Chemical Industries of the Philippines Inc. is engaged in the manufacture, sale, and distribution of industrial chemicals and the leasing of office space to affiliates and external parties. The company operates through its main revenue sources, leasing businesses, and others. The firm mainly operates in the Philippines.

Chemical Industries of the Philippines (PHS:CIP) Headlines

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