Manila Water Co (Manila Water Co) ROCE % : 11.92% (As of Mar. 2024)

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What is Manila Water Co 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. Manila Water Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.92%.

Manila Water Co ROCE % Historical Data

The historical data trend for Manila Water 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.

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Manila Water Co ROCE % Chart

Manila Water Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.43

6.86

5.18

6.64

7.25

Manila Water Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.08	11.14	9.49	0.06	11.92

Manila Water Co ROCE % Calculation

Manila Water 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 )
	=	213.436	/	( ( (3346.891 - 413.792)	+	(3602.597 - 646.409) )	/ 2 )
	=	213.436	/	( (2933.099	+	2956.188)	/ 2 )
	=	213.436	/	2944.6435
	=	7.25 %

Manila Water Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	358.036	/	( ( (3602.597 - 646.409)	+	(3637.841 - 586.663) )	/ 2 )
	=	358.036	/	( ( 2956.188	+	3051.178 )	/ 2 )
	=	358.036	/	3003.683
	=	11.92 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Manila Water Co (OTCPK:MWTCY) 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.

Manila Water Co ROCE % Related Terms

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Manila Water Co (Manila Water Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Manila Water Co Inc (OTCPK:MWTCY) » Definitions » ROCE %

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MWTCF:USA MWC:Philippines

Address

489 Katipunan Road, 2nd Floor, MWSS Administration Building, Balara, Quezon, PHL, 1105

Website

https://www.manilawater.com

Manila Water Co Inc is a water and wastewater management company. Its operations can be divided among Metro Manila East Zone and Manila Water Philippine Ventures, which operate across municipalities in the Philippines, and Manila Water Asia Pacific, which operates in Vietnam, Myanmar, and Indonesia. The segments of the company consist of Manila Concession and Head Office, Domestic Subsidiaries, and Foreign Subsidiaries. The Manila Concession and Head Office generate maximum revenue for the company.

Manila Water Co (Manila Water Co) Headlines

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