Coal Asia Holdings (PHS:COAL) ROCE % : -0.53% (As of Sep. 2023)

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What is Coal Asia 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. Coal Asia Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -0.53%.

Coal Asia Holdings ROCE % Historical Data

The historical data trend for Coal Asia 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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Coal Asia Holdings ROCE % Chart

Coal Asia Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-0.26

-0.17

-0.94

-1.11

-0.91

Coal Asia Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-1.74	-0.67	-0.60	-0.19	-0.53

Coal Asia Holdings ROCE % Calculation

Coal Asia Holdings'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 )
	=	-31.503	/	( ( (3530.533 - 68.763)	+	(3505.509 - 75.162) )	/ 2 )
	=	-31.503	/	( (3461.77	+	3430.347)	/ 2 )
	=	-31.503	/	3446.0585
	=	-0.91 %

Coal Asia Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-18.272	/	( ( (3502.169 - 77.757)	+	(3494.023 - 82.389) )	/ 2 )
	=	-18.272	/	( ( 3424.412	+	3411.634 )	/ 2 )
	=	-18.272	/	3418.023
	=	-0.53 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Coal Asia Holdings (PHS:COAL) 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.

Coal Asia Holdings ROCE % Related Terms

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Coal Asia Holdings (PHS:COAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Coal Asia Holdings Inc (PHS:COAL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

2155 Don Chino Roces Avenue, 3rd Floor, JTKC Center, Makati, PHL, 1231

Website

https://coalasiaholdings.com

Coal Asia Holdings Inc is an investment holding company, primarily engages in exploration, development, and mining of coal and other energy-related businesses in the Philippines and around Asia.

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