Land and Houses Freehold and Leasehold Property Fund (BKK:LHPF) ROCE % : 3.03% (As of Dec. 2023)

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What is Land and Houses Freehold and Leasehold Property Fund 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. Land and Houses Freehold and Leasehold Property Fund's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.03%.

Land and Houses Freehold and Leasehold Property Fund ROCE % Historical Data

The historical data trend for Land and Houses Freehold and Leasehold Property Fund'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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Land and Houses Freehold and Leasehold Property Fund ROCE % Chart

Land and Houses Freehold and Leasehold Property Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.81

2.24

1.96

2.92

3.16

Land and Houses Freehold and Leasehold Property Fund 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															3.32	3.49	3.21	2.91	3.03

Land and Houses Freehold and Leasehold Property Fund ROCE % Calculation

Land and Houses Freehold and Leasehold Property Fund'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 )
	=	122.101	/	( ( (3905.445 - 48.09)	+	(3921.639 - 46.04) )	/ 2 )
	=	122.101	/	( (3857.355	+	3875.599)	/ 2 )
	=	122.101	/	3866.477
	=	3.16 %

Land and Houses Freehold and Leasehold Property Fund'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 )
	=	117.232	/	( ( (3905.074 - 38.767)	+	(3921.639 - 46.04) )	/ 2 )
	=	117.232	/	( ( 3866.307	+	3875.599 )	/ 2 )
	=	117.232	/	3870.953
	=	3.03 %

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

Land and Houses Freehold and Leasehold Property Fund (BKK:LHPF) 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.

Land and Houses Freehold and Leasehold Property Fund ROCE % Related Terms

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Land and Houses Freehold and Leasehold Property Fund (BKK:LHPF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Land and Houses Freehold and Leasehold Property Fund (BKK:LHPF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

South Sathon Road, 11 Q.House Sathon Building, Floor 14, Tungmahamek Sathon, Bangkok, THA, 10120

Website

https://www.lhpf-pf.com

Land and Houses Freehold and Leasehold Property Fund is a closed-end specific property fund engaged in the rental of immovable properties. The company raises funds from the public for utilizing it to purchase and/or lease immovable properties and/or accept the transfer of leasehold rights to immovable properties and/or the transfer of sub-leasehold rights to immovable properties, and to seek benefit from such immovable properties. Majority of the revenue is derived from the rental of the immovable properties in Thailand.

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