Belle (PHS:BEL) ROCE % : 4.50% (As of Mar. 2024)

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What is Belle 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. Belle's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.50%.

Belle ROCE % Historical Data

The historical data trend for Belle'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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Belle ROCE % Chart

Belle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.69

3.98

1.79

4.91

6.19

Belle 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															6.39	6.55	7.25	4.41	4.50

Belle ROCE % Calculation

Belle'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 )
	=	3103.638	/	( ( (52757.721 - 2616.039)	+	(55710.75 - 5532.205) )	/ 2 )
	=	3103.638	/	( (50141.682	+	50178.545)	/ 2 )
	=	3103.638	/	50160.1135
	=	6.19 %

Belle'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 )
	=	2351.212	/	( ( (55710.75 - 5532.205)	+	(60087.265 - 5697.824) )	/ 2 )
	=	2351.212	/	( ( 50178.545	+	54389.441 )	/ 2 )
	=	2351.212	/	52283.993
	=	4.50 %

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

Belle (PHS:BEL) 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.

Belle ROCE % Related Terms

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Belle (PHS:BEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Belle Corp (PHS:BEL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Palm Coast Avenue, 5th Floor, Tower A, Two E-com Center, Mall of Asia Complex, CBP-1A, Pasay, PHL, 1300

Website

https://www.bellecorp.com

Belle Corporation is a high-end residential and leisure properties developer in the Philippines. The company's two operating segments are the real estate development and property management strategic unit, and the gaming and gaming-related activities business unit. Belle operates notable real estate assets such as City of Dreams Manila and the Tagaytay Highlands. In the gaming segment, its subsidiary, Premium Leisure Corp, generates revenue through activities such as leasing lottery and keno machines as well as operating casinos and resorts.

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