IPC (SGX:AZA) ROCE % : 24.97% (As of Dec. 2023)

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What is IPC 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. IPC's annualized ROCE % for the quarter that ended in Dec. 2023 was 24.97%.

IPC ROCE % Historical Data

The historical data trend for IPC'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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IPC ROCE % Chart

IPC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-15.38

-33.99

-12.29

-13.02

-0.38

IPC Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-11.28	-7.60	-18.59	-24.02	24.97

IPC ROCE % Calculation

IPC'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 )
	=	-0.172	/	( ( (52.206 - 3.869)	+	(50.115 - 7.845) )	/ 2 )
	=	-0.172	/	( (48.337	+	42.27)	/ 2 )
	=	-0.172	/	45.3035
	=	-0.38 %

IPC'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	10.14	/	( ( (49.292 - 10.344)	+	(50.115 - 7.845) )	/ 2 )
	=	10.14	/	( ( 38.948	+	42.27 )	/ 2 )
	=	10.14	/	40.609
	=	24.97 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

IPC (SGX:AZA) 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.

IPC ROCE % Related Terms

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IPC (SGX:AZA) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » IPC Corp Ltd (SGX:AZA) » Definitions » ROCE %

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Address

1 Fusionopolis Place, No. 03-20 Galaxis (West Lobby), Singapore, SGP, 138522

Website

https://www.ipc.com.sg

IPC Corp Ltd is an investment holding company. The company's operating segment includes Properties; Hotel management; Investment and Others. Its Properties segment relates to property development, investing, and reselling of properties. The Hotel management segment relates to the rendering of hotel management services. Geographically, it derives revenue from the People's Republic of China and also has a presence in Singapore and Japan.

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