GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Manila Electric Co (PHS:MER) » Definitions » ROCE %

Manila Electric Co (PHS:MER) ROCE % : 14.53% (As of Dec. 2023)


View and export this data going back to 1992. Start your Free Trial

What is Manila Electric 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 Electric Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.53%.


Manila Electric Co ROCE % Historical Data

The historical data trend for Manila Electric 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.

* Premium members only.

Manila Electric Co ROCE % Chart

Manila Electric Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.86 10.03 12.82 12.34 15.35

Manila Electric Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.70 14.00 17.24 17.11 14.53

Manila Electric Co ROCE % Calculation

Manila Electric 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 )
=51143/( ( (519261 - 205725) + (586042 - 233273) )/ 2 )
=51143/( (313536+352769)/ 2 )
=51143/333152.5
=15.35 %

Manila Electric Co'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 )
=49780/( ( (527534 - 195262) + (586042 - 233273) )/ 2 )
=49780/( ( 332272 + 352769 )/ 2 )
=49780/342520.5
=14.53 %

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

* 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.


Manila Electric Co  (PHS:MER) 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 Electric Co ROCE % Related Terms

Thank you for viewing the detailed overview of Manila Electric Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Manila Electric Co (PHS:MER) Business Description

Traded in Other Exchanges
Address
Ortigas Avenue, Barangay Ugong, Lopez Building, Pasig, PHL, 1605
Manila Electric Co, or Meralco, is an electric utility company serving the Philippines. Meralco generates, transmits, and distributes electricity through its portfolio of thermal power plants. The vast majority of the energy produced by the company comes from its natural gas and goal facilities. Meralco generates almost all of its revenue through the sale of electricity. While nearly all of the company's customers are residential entities, total energy sales are split fairly evenly between commercial, industrial, and residential customers. Meralco is the largest electric distribution company in the Philippines and serves dozens of cities and municipalities, including Metropolitan Manila.

Manila Electric Co (PHS:MER) Headlines

No Headlines