Hoteliere et Immobiliere de Nice SHIN (XPAR:MLHIN) ROCE % : 2.07% (As of Dec. 2022)

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What is Hoteliere et Immobiliere de Nice SHIN 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. Hoteliere et Immobiliere de Nice SHIN's annualized ROCE % for the quarter that ended in Dec. 2022 was 2.07%.

Hoteliere et Immobiliere de Nice SHIN ROCE % Historical Data

The historical data trend for Hoteliere et Immobiliere de Nice SHIN'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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Hoteliere et Immobiliere de Nice SHIN ROCE % Chart

Hoteliere et Immobiliere de Nice SHIN Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-8.00

6.18

-29.64

-2.55

2.07

Hoteliere et Immobiliere de Nice SHIN Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
ROCE %	Get a 7-Day Free Trial			-8.00	6.18	-29.64	-2.55	2.07

Hoteliere et Immobiliere de Nice SHIN ROCE % Calculation

Hoteliere et Immobiliere de Nice SHIN's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	0.355	/	( ( (18.127 - 0.671)	+	(17.746 - 0.855) )	/ 2 )
	=	0.355	/	( (17.456	+	16.891)	/ 2 )
	=	0.355	/	17.1735
	=	2.07 %

Hoteliere et Immobiliere de Nice SHIN's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	0.355	/	( ( (18.127 - 0.671)	+	(17.746 - 0.855) )	/ 2 )
	=	0.355	/	( ( 17.456	+	16.891 )	/ 2 )
	=	0.355	/	17.1735
	=	2.07 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

Hoteliere et Immobiliere de Nice SHIN (XPAR:MLHIN) 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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Hoteliere et Immobiliere de Nice SHIN (XPAR:MLHIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Hoteliere et Immobiliere de Nice SA SHIN (XPAR:MLHIN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 boulevard Victor Hugo, Nice, FRA, 06000

Website

http://www.shin-hotels.com

Hoteliere et Immobiliere de Nice SA SHIN operates in the hotel industry. It provides accommodation, spa services, conference rooms, gym, bar area, among others.

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