Pal Holdings (PHS:PAL) ROCE % : 21.99% (As of Mar. 2024)

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What is Pal Holdings 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. Pal Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.99%.

Pal Holdings ROCE % Historical Data

The historical data trend for Pal Holdings'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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Pal Holdings ROCE % Chart

Pal Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.52

-45.40

77.82

14.52

24.24

Pal Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															25.95	32.18	24.32	13.54	21.99

Pal Holdings ROCE % Calculation

Pal Holdings'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 )
	=	30338.371	/	( ( (206036.923 - 82628.617)	+	(219731.596 - 92825.334) )	/ 2 )
	=	30338.371	/	( (123408.306	+	126906.262)	/ 2 )
	=	30338.371	/	125157.284
	=	24.24 %

Pal Holdings's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	27944.108	/	( ( (219731.596 - 92825.334)	+	(225674.304 - 98445.66) )	/ 2 )
	=	27944.108	/	( ( 126906.262	+	127228.644 )	/ 2 )
	=	27944.108	/	127067.453
	=	21.99 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Pal Holdings (PHS:PAL) 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.

Pal Holdings ROCE % Related Terms

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Pal Holdings (PHS:PAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pal Holdings Inc (PHS:PAL) » Definitions » ROCE %

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N/A

Address

President Diosdado Macapagal Avenue, 8th Floor, PNB Financial Center, CCP Complex, Metro Manila, Pasay City, PHL, 1300

Website

https://www.philippineairlines.com

Pal Holdings Inc through its subsidiaries, provides air transportation for passengers and cargo within and outside the Philippines. The services provided by the company include Group Booking, Charter Services, Corporate Sales, General Sales Agent, Travel Insurance, Cargo, and Swingaround.

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