SM Prime Holdings (PHS:SMPH) ROCE % : 9.28% (As of Sep. 2024)

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What is SM Prime 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. SM Prime Holdings's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.28%.

SM Prime Holdings ROCE % Historical Data

The historical data trend for SM Prime 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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SM Prime Holdings ROCE % Chart

SM Prime Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.66

5.36

5.94

7.21

8.51

SM Prime Holdings 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															8.92	8.83	8.49	9.01	9.28

SM Prime Holdings ROCE % Calculation

SM Prime 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 )
	=	63803.09	/	( ( (874214.652 - 145170.302)	+	(943327.575 - 172416.008) )	/ 2 )
	=	63803.09	/	( (729044.35	+	770911.567)	/ 2 )
	=	63803.09	/	749977.9585
	=	8.51 %

SM Prime Holdings'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 )
	=	72516.576	/	( ( (976975.862 - 214871.488)	+	(998804.446 - 198838.089) )	/ 2 )
	=	72516.576	/	( ( 762104.374	+	799966.357 )	/ 2 )
	=	72516.576	/	781035.3655
	=	9.28 %

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

SM Prime Holdings (PHS:SMPH) 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.

SM Prime Holdings ROCE % Related Terms

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SM Prime Holdings Business Description

Industry

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Address

Seashell Lane cor. Coral Way, 7th Floor MOA Square, Mall of Asia Complex, Brgy. 76, Zone 10, CBP-1A, Metro Manila, Pasay, PHL, 1300

Website

https://www.smprime.com

SM Prime Holdings Inc is an integrated property developer in Southeast Asia. Through subsidiaries and business units, it sells affordable condominium units and develops and leases office buildings in Metro Manila. It also houses a unit that develops and manages hotel and convention centers across the Philippines. Residential properties are strategically offered near business and lifestyle districts and provide a host of amenities at prices that cater to the middle market. Malls are the majority revenue provider and are equipped to handle thousands of residents in addition to cinema operations.

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