Premiere Island Power REIT (PHS:PREIT) ROCE % : 5.70% (As of Mar. 2024)

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What is Premiere Island Power REIT 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. Premiere Island Power REIT's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.70%.

Premiere Island Power REIT ROCE % Historical Data

The historical data trend for Premiere Island Power REIT'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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Premiere Island Power REIT ROCE % Chart

Premiere Island Power REIT Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

5.96

8.72

Premiere Island Power REIT Quarterly Data
	Dec21	May22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial				6.09	6.05	6.08	17.06	5.70

Premiere Island Power REIT ROCE % Calculation

Premiere Island Power REIT'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 )
	=	781.916	/	( ( (8898.575 - 124.568)	+	(9865.144 - 702.676) )	/ 2 )
	=	781.916	/	( (8774.007	+	9162.468)	/ 2 )
	=	781.916	/	8968.2375
	=	8.72 %

Premiere Island Power REIT'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 )
	=	521.912	/	( ( (9865.144 - 702.676)	+	(9676.406 - 515.171) )	/ 2 )
	=	521.912	/	( ( 9162.468	+	9161.235 )	/ 2 )
	=	521.912	/	9161.8515
	=	5.70 %

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

Premiere Island Power REIT (PHS:PREIT) 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.

Premiere Island Power REIT ROCE % Related Terms

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Premiere Island Power REIT (PHS:PREIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Premiere Island Power REIT Corp (PHS:PREIT) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

CV Starr Avenue, 4th Floor Starmall IT Hub, Pamplona Dos, Philamlife Village, Las Piñas, PHL, 1747

Website

https://www.preit.com.ph

Premiere Island Power REIT Corp operates as a real estate investment trust, holding assets that operate in the power generation industry. It is formed primarily to own and invest in income-generating assets that meet the company's investment criteria. The REIT has determined that it operates as one operating segment. The REIT's only income-generating activity is the lease of its land, right-of-use asset, buildings and generation asset. The REIT derives its rental income from SIPCOR and CAMPCOR.

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