Republic Glass Holdings (PHS:REG) ROCE % : 3.85% (As of Mar. 2024)

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What is Republic Glass Holdings 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. Republic Glass Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.85%.

Republic Glass Holdings ROCE % Historical Data

The historical data trend for Republic Glass Holdings'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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Republic Glass Holdings ROCE % Chart

Republic Glass Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.43

0.68

-0.01

-1.12

0.95

Republic Glass Holdings 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															5.20	-1.90	-3.26	3.77	3.85

Republic Glass Holdings ROCE % Calculation

Republic Glass Holdings'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 )
	=	23.525	/	( ( (2370.355 - 39.604)	+	(2658.659 - 39.769) )	/ 2 )
	=	23.525	/	( (2330.751	+	2618.89)	/ 2 )
	=	23.525	/	2474.8205
	=	0.95 %

Republic Glass Holdings'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 )
	=	101.308	/	( ( (2658.659 - 39.769)	+	(2686.998 - 39.487) )	/ 2 )
	=	101.308	/	( ( 2618.89	+	2647.511 )	/ 2 )
	=	101.308	/	2633.2005
	=	3.85 %

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

Republic Glass Holdings (PHS:REG) 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.

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Republic Glass Holdings (PHS:REG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Republic Glass Holdings Corp (PHS:REG) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

196 Salcedo Street, 6th Floor, Republic Glass Building, Legaspi Village, Makati, PHL, 1229

Website

http://www.repglass.net

Republic Glass Holdings Corp is a Philippines-based company. The company is engaged in purchasing, leasing, and selling securities of every kind of business. The operating segments of the Company are 1) Core business which relates to the company's investment activities, which involve purchasing and trading financial assets and investing in other securities and 2) Support business which relates to the company's sale of investment properties.