The Hongkong and Shanghai Hotels (FRA:HSG) ROCE % : 1.45% (As of Dec. 2023)

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What is The Hongkong and Shanghai Hotels 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. The Hongkong and Shanghai Hotels's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.45%.

The Hongkong and Shanghai Hotels ROCE % Historical Data

The historical data trend for The Hongkong and Shanghai Hotels'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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The Hongkong and Shanghai Hotels ROCE % Chart

The Hongkong and Shanghai Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.63

-3.56

-0.39

-0.58

1.35

The Hongkong and Shanghai Hotels Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															0.85	0.79	-1.98	1.24	1.45

The Hongkong and Shanghai Hotels ROCE % Calculation

The Hongkong and Shanghai Hotels'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 )
	=	83.483	/	( ( (6860.593 - 777.835)	+	(6794.78 - 552.445) )	/ 2 )
	=	83.483	/	( (6082.758	+	6242.335)	/ 2 )
	=	83.483	/	6162.5465
	=	1.35 %

The Hongkong and Shanghai Hotels'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	90.646	/	( ( (6889.683 - 608.735)	+	(6794.78 - 552.445) )	/ 2 )
	=	90.646	/	( ( 6280.948	+	6242.335 )	/ 2 )
	=	90.646	/	6261.6415
	=	1.45 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

The Hongkong and Shanghai Hotels (FRA:HSG) 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.

The Hongkong and Shanghai Hotels ROCE % Related Terms

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The Hongkong and Shanghai Hotels (FRA:HSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » The Hongkong and Shanghai Hotels Ltd (FRA:HSG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HKSHY:USA HKSHF:USA 00045:Hong Kong

Address

2 Ice House Street, 8th Floor, St. George’s Building, Central, Hong Kong, HKG

Website

https://www.hshgroup.com

The Hongkong and Shanghai Hotels Ltd is a hotel owner and operator, domiciled in Hong Kong. The company organises itself into three segments: hotels, commercial properties, and clubs and services. The hotel's segment, which contributes the vast majority of consolidated revenue, includes the company's hotel operations under The Peninsula brand in major cities across the globe, the most significant of which is The Peninsula Hong Kong. The commercial properties segment leases office buildings, residential apartments and retail spaces. Clubs and services operate golf courses, wholesales food, and provides laundry services. Geographically, domestic operations are the most significant contributor to company revenue, followed by Other Asia, and the U.S. and Europe.

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