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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. Miramar Hotel & Investment Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.37%.
The historical data trend for Miramar Hotel & Investment 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.
Miramar Hotel & Investment Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 7.38 | 2.00 | 2.07 | 2.83 | 5.40 |
Miramar Hotel & Investment Co Semi-Annual Data | ||||||||||||||||||||
Dec14 | Jun15 | Dec15 | Jun16 | Dec16 | Jun17 | Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | Jun24 | |
ROCE % | Get a 7-Day Free Trial | 2.46 | 3.20 | 4.40 | 6.44 | 4.37 |
Miramar Hotel & Investment 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 ) | |||||
= | 1130.413 | / | ( ( (21245.01 - 625.412) | + | (21971.103 - 741.945) ) | / 2 ) | |
= | 1130.413 | / | ( (20619.598 | + | 21229.158) | / 2 ) | |
= | 1130.413 | / | 20924.378 | ||||
= | 5.40 % |
Miramar Hotel & Investment Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Jun. 2024 ) | (Q: Dec. 2023 ) | (Q: Jun. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Jun. 2024 ) | (Q: Dec. 2023 ) | (Q: Jun. 2024 ) | |||||
= | 932.03 | / | ( ( (21971.103 - 741.945) | + | (22423.694 - 987.158) ) | / 2 ) | |
= | 932.03 | / | ( ( 21229.158 | + | 21436.536 ) | / 2 ) | |
= | 932.03 | / | 21332.847 | ||||
= | 4.37 % |
(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) 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.
Miramar Hotel & Investment Co (HKSE:00071) 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.
Thank you for viewing the detailed overview of Miramar Hotel & Investment Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
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