Empire East Land Holdings (PHS:ELI) ROCE % : 4.76% (As of Mar. 2024)

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What is Empire East Land 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. Empire East Land Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.76%.

Empire East Land Holdings ROCE % Historical Data

The historical data trend for Empire East Land 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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Empire East Land Holdings ROCE % Chart

Empire East Land Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.96

3.50

3.03

4.05

4.02

Empire East Land Holdings 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															4.32	4.49	3.87	3.35	4.76

Empire East Land Holdings ROCE % Calculation

Empire East Land Holdings'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 )
	=	1369.033	/	( ( (47280.333 - 13511.828)	+	(49499.134 - 15099.844) )	/ 2 )
	=	1369.033	/	( (33768.505	+	34399.29)	/ 2 )
	=	1369.033	/	34083.8975
	=	4.02 %

Empire East Land Holdings'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 )
	=	1641.564	/	( ( (49499.134 - 15099.844)	+	(50274.643 - 15740.949) )	/ 2 )
	=	1641.564	/	( ( 34399.29	+	34533.694 )	/ 2 )
	=	1641.564	/	34466.492
	=	4.76 %

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

Empire East Land Holdings (PHS:ELI) 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.

Empire East Land Holdings ROCE % Related Terms

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Empire East Land Holdings (PHS:ELI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Empire East Land Holdings Inc (PHS:ELI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

P. Antonio Street, 2nd Floor Tower 2, Kasara Urban Resort Residences, Barangay Ugong, Pasig City, PHL, 1604

Website

https://www.eelhi.com.ph

Empire East Land Holdings Inc is engaged in the development and marketing of mid-cost housing projects in the form of condominium communities, subdivision lots and house and lot packages, and commercial units to a limited extent. The company also leases out commercial and industrial properties. It classifies and monitors its projects into high-rise and horizontal. High-rise projects refer to condominiums and other medium-scale properties while horizontal projects refer to house and lot packages and subdivision lots. Both are intended for the middle-income market.

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