Miramar Hospitality Co (ROCO:2730) ROCE % : -2.48% (As of Jun. 2023)

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What is Miramar Hospitality Co 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. Miramar Hospitality Co's annualized ROCE % for the quarter that ended in Jun. 2023 was -2.48%.

Miramar Hospitality Co ROCE % Historical Data

The historical data trend for Miramar Hospitality Co'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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Miramar Hospitality Co ROCE % Chart

Miramar Hospitality Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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0.48

4.60

-6.65

6.95

2.45

Miramar Hospitality Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															4.65	9.33	6.41	-1.54	-2.48

Miramar Hospitality Co ROCE % Calculation

Miramar Hospitality Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	22.382	/	( ( (1126.691 - 206.939)	+	(1098.987 - 194.575) )	/ 2 )
	=	22.382	/	( (919.752	+	904.412)	/ 2 )
	=	22.382	/	912.082
	=	2.45 %

Miramar Hospitality Co's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-22.364	/	( ( (1098.987 - 194.575)	+	(1161.051 - 259.917) )	/ 2 )
	=	-22.364	/	( ( 904.412	+	901.134 )	/ 2 )
	=	-22.364	/	902.773
	=	-2.48 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Miramar Hospitality Co (ROCO:2730) 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.

Miramar Hospitality Co ROCE % Related Terms

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Miramar Hospitality Co (ROCO:2730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Miramar Hospitality Co Ltd (ROCO:2730) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

83 Civic Boulevard, Section 3, Taipei, TWN

Website

http://www.miramargarden.com.tw

Miramar Hospitality Co Ltd is a Taiwan based restaurant operating company. It is engaged in the operation of hotel business, cafes, bars, conference rooms, and gym and sauna store. The company offers hotel rooms, catering, and health club service.

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