City & Land Developers (PHS:LAND) ROCE % : 2.16% (As of Dec. 2023)

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What is City & Land Developers 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. City & Land Developers's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.16%.

City & Land Developers ROCE % Historical Data

The historical data trend for City & Land Developers'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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City & Land Developers ROCE % Chart

City & Land Developers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.81

6.01

9.48

20.56

6.98

City & Land Developers 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															13.35	5.80	10.43	9.54	2.16

City & Land Developers ROCE % Calculation

City & Land Developers'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 )
	=	199.122	/	( ( (2969.632 - 119.563)	+	(3042.315 - 183.983) )	/ 2 )
	=	199.122	/	( (2850.069	+	2858.332)	/ 2 )
	=	199.122	/	2854.2005
	=	6.98 %

City & Land Developers'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 )
	=	61.812	/	( ( (3042.822 - 190.517)	+	(3042.315 - 183.983) )	/ 2 )
	=	61.812	/	( ( 2852.305	+	2858.332 )	/ 2 )
	=	61.812	/	2855.3185
	=	2.16 %

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

City & Land Developers (PHS:LAND) 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.

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City & Land Developers (PHS:LAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » City & Land Developers Inc (PHS:LAND) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

154 H.V. Dela Costa Street, 3rd Floor, Cityland Condominium 10 Tower 1, Makati, PHL, 1226

Website

http://www.citylandcondo.com

City & Land Developers Inc is engaged in acquiring and developing suitable land sites for residential, office, commercial, institutional, and industrial uses. It also focuses on establishing an effective institutional medium. The completed projects of the company are North Residences, Grand Emerald Tower, Manila Residences Bocobo, and much more. Its reportable segments are the Sale of Real Estate Properties and the Lease of Real Estate Properties. Generating, a majority of its revenue from the sale of real estate properties.