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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. Comstock Holding Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 24.55%.
The historical data trend for Comstock Holding Co'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.
Comstock Holding Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 16.96 | 14.89 | 16.41 | 21.63 | 23.04 |
Comstock Holding Co 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 | 15.55 | 10.05 | 6.78 | 51.09 | 24.55 |
Comstock Holding Co'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 ) | |||||
= | 9.164 | / | ( ( (42.473 - 6.492) | + | (49.939 - 6.373) ) | / 2 ) | |
= | 9.164 | / | ( (35.981 | + | 43.566) | / 2 ) | |
= | 9.164 | / | 39.7735 | ||||
= | 23.04 % |
Comstock Holding Co'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 ) | |||||
= | 10.46 | / | ( ( (46.688 - 5.039) | + | (49.939 - 6.373) ) | / 2 ) | |
= | 10.46 | / | ( ( 41.649 | + | 43.566 ) | / 2 ) | |
= | 10.46 | / | 42.6075 | ||||
= | 24.55 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
Comstock Holding Co (NAS:CHCI) 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.
Thank you for viewing the detailed overview of Comstock Holding Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
David Peter Paul | director | C/O JBG/OPERATING PARTNERS, 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815 |
Thomas Joseph Holly | director | 1900 RESTON METRO PLAZA, 10TH FLOOR, RESTON VA 20190 |
Dwight C Schar | 10 percent owner | C/O NVR INC, 7601 LEWINSVILLE ROAD SUITE 300, MCLEEAN VA 22102 |
Ivy Zelman | director | 9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019 |
James A Maccutcheon | director | 10770 COLUMBIA PIKE, SILVER SPRING MD 20901 |
Joseph M Squeri | director | 11465 SUNSET HILLS ROAD, 4TH FLOOR, RESTON VA 20190 |
David M Guernsey | director | 12414 CLIFTON HUNT DRIVE, CLIFTON VA 20124 |
Timothy Steffan | officer: EVP, Asset Management | 1886 METRO CENTER DR, 4TH FLOOR, RESTON VA 20190 |
54, L.c. Fr | 10 percent owner | 1886 METRO CENTER DRIVE, FOURTH FLOOR, RESTON VA 20190 |
Comstock Development Services, L.c. | 10 percent owner | 1886 METRO CENTER DRIVE, FOURTH FLOOR, RESTON VA 20190 |
Stonehenge Funding, L.c. | 10 percent owner | 1886 METRO CENTER DRIVE, FOURTH FLOOR, RESTON VA 20190 |
Christopher Michael Guthrie | officer: Chief Financial Officer | 1886 METRO CENTER DRIVE, 4TH FLOOR, RESTON VA 20190 |
Christopher Clemente | director, 10 percent owner, officer: Chairman and CEO | 11465 SUNSET HILLS ROAD, SUITE 510, RESTON VA 20910 |
Robert P Pincus | director | |
Jubal R Thompson | other: Secretary | 11465 SUNSET HILLS ROAD, SUITE 400, RESTON VA 20190 |
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