Discovery World (PHS:DWC) ROCE % : 1.54% (As of Mar. 2024)

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What is Discovery World 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. Discovery World's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.54%.

Discovery World ROCE % Historical Data

The historical data trend for Discovery World'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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Discovery World ROCE % Chart

Discovery World Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.01

-13.42

-2.18

0.16

1.92

Discovery World 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															1.42	0.83	-1.57	7.06	1.54

Discovery World ROCE % Calculation

Discovery World'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 )
	=	189.059	/	( ( (11646.71 - 1967.092)	+	(12363.275 - 2324.568) )	/ 2 )
	=	189.059	/	( (9679.618	+	10038.707)	/ 2 )
	=	189.059	/	9859.1625
	=	1.92 %

Discovery World'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 )
	=	156.308	/	( ( (12363.275 - 2324.568)	+	(12559.989 - 2321.031) )	/ 2 )
	=	156.308	/	( ( 10038.707	+	10238.958 )	/ 2 )
	=	156.308	/	10138.8325
	=	1.54 %

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

Discovery World (PHS:DWC) 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.

Discovery World ROCE % Related Terms

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Discovery World (PHS:DWC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Discovery World Corp (PHS:DWC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2159 Chino Roces Avenue, JTKC Centre, Makati City, PHL

Website

http://www.discovery.com.ph

Discovery World Corporation is engaged in developing, investing in, owning, acquiring, administering, constructing, and operating hotels, resorts, apartelles, condominiums, townhouses, buildings, other tourist related structures, and their usual facilities, including but not limited to, the operation of transportation or shuttle services for tourists in all its various forms by means of automobiles, motor cars, buses, trucks, cruise lines, yachts, boats, luxury vessels, leisure, and sports crafts. the Company derives its revenues from the operations of Discovery Shores Boracay, Club Paradise, Shoppes at Vanilla Beach, Discovery Fleet, and Discovery Hospitality.

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