Sands China (HKSE:01928) ROCE % : 17.29% (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Sands China 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. Sands China's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.29%.

Sands China ROCE % Historical Data

The historical data trend for Sands China'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.

Sands China ROCE % Chart

Sands China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

22.47

-12.97

-7.83

-14.09

14.96

Sands China 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															-11.41	-12.82	-14.47	11.00	17.29

Sands China ROCE % Calculation

Sands China'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 )
	=	9668.532	/	( ( (82229.395 - 22351.883)	+	(80112.928 - 10715.046) )	/ 2 )
	=	9668.532	/	( (59877.512	+	69397.882)	/ 2 )
	=	9668.532	/	64637.697
	=	14.96 %

Sands China'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 )
	=	12152.048	/	( ( (80421.411 - 9274.272)	+	(80112.928 - 10715.046) )	/ 2 )
	=	12152.048	/	( ( 71147.139	+	69397.882 )	/ 2 )
	=	12152.048	/	70272.5105
	=	17.29 %

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

Sands China (HKSE:01928) 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.

Sands China ROCE % Related Terms

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

Sands China (HKSE:01928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sands China Ltd (HKSE:01928) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SCHYY:USA SCHYF:USA 599A:Germany 599A:Germany

Address

Estrada da Baia de Nossa Senhora da Esperanca, The Venetian Macao, Executive Offices, L2, Taipa, MAC

Website

https://www.sandschina.com

Sands China operates integrated resorts and casinos in Macao. Its properties include Sands Macao, the Venetian Macao, the Plaza Macao, the Londoner, and the Parisian Macao. It has about 24% market share in the Macao gaming sector in terms of gross gaming revenue as of the prepandemic 2019 levels. Las Vegas Sands has a 70% stake in Sands China.

Sands China (HKSE:01928) Headlines

No Headlines