The Philippine Stock Exchange (PHS:PSE) ROCE % : 18.91% (As of Sep. 2024)

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What is The Philippine Stock Exchange 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. The Philippine Stock Exchange's annualized ROCE % for the quarter that ended in Sep. 2024 was 18.91%.

The Philippine Stock Exchange ROCE % Historical Data

The historical data trend for The Philippine Stock Exchange'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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The Philippine Stock Exchange ROCE % Chart

The Philippine Stock Exchange Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.85

14.74

18.63

14.68

14.96

The Philippine Stock Exchange Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															14.68	16.06	19.61	11.76	18.91

The Philippine Stock Exchange ROCE % Calculation

The Philippine Stock Exchange'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 )
	=	971.164	/	( ( (7042.115 - 547.794)	+	(7143.281 - 650.636) )	/ 2 )
	=	971.164	/	( (6494.321	+	6492.645)	/ 2 )
	=	971.164	/	6493.483
	=	14.96 %

The Philippine Stock Exchange's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1139.42	/	( ( (6812.972 - 903.882)	+	(7040.039 - 897.912) )	/ 2 )
	=	1139.42	/	( ( 5909.09	+	6142.127 )	/ 2 )
	=	1139.42	/	6025.6085
	=	18.91 %

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

The Philippine Stock Exchange (PHS:PSE) 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.

The Philippine Stock Exchange ROCE % Related Terms

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The Philippine Stock Exchange Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » The Philippine Stock Exchange Inc (PHS:PSE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

28th Street, 5th Avenue corner, 6th to 10th floors, PSE tower, Bonifacio Global City, Taguig, PHL, 1634

Website

https://www.pse.com.ph

The Philippine Stock Exchange Inc is a Philippines-based stock corporation. Its core business is to provide and maintain a convenient and suitable market for the exchange, purchase, and sale of all types of securities and other instruments. The company provides trading, clearing, depository, and information services for the equity market. It also operates activities of clearance and settlement agencies through its wholly-owned subsidiaries. The sources of revenue mainly consist of listing-related fees for initial public offerings, annual listing maintenance membership, transactions, data feeds, and miscellaneous fees. Geographically, the company's key revenue is derived from domestic operations.

The Philippine Stock Exchange Headlines

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