IPM Holdings (PHS:IPM) ROCE % : 19.56% (As of Dec. 2023)

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What is IPM 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. IPM Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.56%.

IPM Holdings ROCE % Historical Data

The historical data trend for IPM 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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IPM Holdings ROCE % Chart

IPM Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.34

4.94

5.48

4.00

6.94

IPM Holdings 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															-0.83	1.97	1.00	5.33	19.56

IPM Holdings ROCE % Calculation

IPM 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 )
	=	96.879	/	( ( (1568.717 - 220.534)	+	(1590.983 - 147.304) )	/ 2 )
	=	96.879	/	( (1348.183	+	1443.679)	/ 2 )
	=	96.879	/	1395.931
	=	6.94 %

IPM Holdings'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 )
	=	274.912	/	( ( (1498.195 - 130.529)	+	(1590.983 - 147.304) )	/ 2 )
	=	274.912	/	( ( 1367.666	+	1443.679 )	/ 2 )
	=	274.912	/	1405.6725
	=	19.56 %

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

IPM Holdings (PHS:IPM) 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.

IPM Holdings ROCE % Related Terms

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IPM Holdings (PHS:IPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » IPM Holdings Inc (PHS:IPM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

F. Ortigas Jr. Road, Penthouse, The Taipan Place, Ortigas Center, Pasig, RIZ, PHL, 1605

Website

https://www.ipmholdings.com.ph

IPM Holdings Inc is an investment holding company. The company provides contracting and consulting solutions for waste management, public cleansing, sanitation, and general hygiene to provide comprehensive waste disposal services. It provides services like waste collection, transport and storage, engineered sanitary landfill development, operation and maintenance, site rehabilitation and remediation, equipment supply and installation, waste reduction, pollution prevention and control, environmental monitoring assessment and evaluation, and environmental consciousness training. Its two reportable segments are Investment holding and Service. The company generates maximum revenue from the Service segment. All of the group's revenues are derived from operations within the Philippines.

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