Formosa International Hotels (TPE:2707) ROCE % : 14.91% (As of Sep. 2024)

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What is Formosa International Hotels 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. Formosa International Hotels's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.91%.

Formosa International Hotels ROCE % Historical Data

The historical data trend for Formosa International Hotels'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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Formosa International Hotels ROCE % Chart

Formosa International Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.75

12.14

31.22

16.68

25.09

Formosa International Hotels 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															22.70	29.28	31.16	21.30	14.91

Formosa International Hotels ROCE % Calculation

Formosa International Hotels'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 )
	=	1960.043	/	( ( (10488.953 - 2654.384)	+	(10631.193 - 2843.138) )	/ 2 )
	=	1960.043	/	( (7834.569	+	7788.055)	/ 2 )
	=	1960.043	/	7811.312
	=	25.09 %

Formosa International Hotels'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 )
	=	1114.284	/	( ( (10526.997 - 3616.848)	+	(10279.574 - 2244.563) )	/ 2 )
	=	1114.284	/	( ( 6910.149	+	8035.011 )	/ 2 )
	=	1114.284	/	7472.58
	=	14.91 %

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

Formosa International Hotels (TPE:2707) 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.

Formosa International Hotels ROCE % Related Terms

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Formosa International Hotels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Formosa International Hotels Corp (TPE:2707) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Lane 39, Chung-Shan North Road, Section 2, 1-20th Floor, Taipei, TWN, 104

Website

https://www.silkshotelgroup.com

Formosa International Hotels Corporation is a lodging and hospitality company. The company provides services in four business segments, including the Housekeeping segment, Food and Beverage segment, Rental segment, and Operation Management segment. The hotel segment operates the branded Regent Hotels and Resort chain majority in the Asian market. Furthermore, the company operates Silks Place, the premium hotel line, and Just Sleep, the company's convenience hotel line. The restaurant business segment operates numerous restaurant chains which include Garden Villa and Just Italian.

Formosa International Hotels Headlines

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