Quality Houses Leasehold Property Fund (BKK:QHPF) ROCE % : 7.72% (As of Dec. 2023)

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What is Quality Houses Leasehold Property Fund 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. Quality Houses Leasehold Property Fund's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.72%.

Quality Houses Leasehold Property Fund ROCE % Historical Data

The historical data trend for Quality Houses Leasehold Property Fund'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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Quality Houses Leasehold Property Fund ROCE % Chart

Quality Houses Leasehold Property Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.18

8.84

7.88

7.26

7.45

Quality Houses Leasehold Property Fund 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															7.31	7.01	7.79	7.29	7.72

Quality Houses Leasehold Property Fund ROCE % Calculation

Quality Houses Leasehold Property Fund'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 )
	=	684.901	/	( ( (9577.204 - 85.48)	+	(9015.221 - 108.806) )	/ 2 )
	=	684.901	/	( (9491.724	+	8906.415)	/ 2 )
	=	684.901	/	9199.0695
	=	7.45 %

Quality Houses Leasehold Property Fund'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 )
	=	700.64	/	( ( (9343.016 - 95.959)	+	(9015.221 - 108.806) )	/ 2 )
	=	700.64	/	( ( 9247.057	+	8906.415 )	/ 2 )
	=	700.64	/	9076.736
	=	7.72 %

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

Quality Houses Leasehold Property Fund (BKK:QHPF) 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.

Quality Houses Leasehold Property Fund ROCE % Related Terms

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Quality Houses Leasehold Property Fund (BKK:QHPF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Quality Houses Leasehold Property Fund (BKK:QHPF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 South Sathorn Road, 14th Floor Q House Sathorn Building, Tungmahamek, Sathorn, Bangkok, THA, 10120

Website

http://www.lhfund.co.th

Quality Houses Leasehold Property Fund is a Thailand-based closed-end property fund. It purchases, leases, and subleases immovable properties, and seeks benefits by way of letting, subletting transfer, or disposal of those immovable properties. Its properties include the Q House Ploenchit Building, Q House Lumpini Building, and Wave Place Building. The company operates in one reportable operating segment, which is Rental of immovable properties. Its operations are located in Thailand.

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