Sociedad Hipodromo Chile (XSGO:HIPODROMOA) ROCE % : -19.18% (As of Dec. 2023)

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What is Sociedad Hipodromo Chile 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. Sociedad Hipodromo Chile's annualized ROCE % for the quarter that ended in Dec. 2023 was -19.18%.

Sociedad Hipodromo Chile ROCE % Historical Data

The historical data trend for Sociedad Hipodromo Chile'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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Sociedad Hipodromo Chile ROCE % Chart

Sociedad Hipodromo Chile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.46

-9.68

18.44

9.62

-8.51

Sociedad Hipodromo Chile Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.99	-3.70	-3.97	-8.02	-19.18

Sociedad Hipodromo Chile ROCE % Calculation

Sociedad Hipodromo Chile'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 )
	=	-1816.291	/	( ( (28793.476 - 6314.88)	+	(26434.553 - 6250.627) )	/ 2 )
	=	-1816.291	/	( (22478.596	+	20183.926)	/ 2 )
	=	-1816.291	/	21331.261
	=	-8.51 %

Sociedad Hipodromo Chile's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-3900.28	/	( ( (25920.946 - 5435.632)	+	(26434.553 - 6250.627) )	/ 2 )
	=	-3900.28	/	( ( 20485.314	+	20183.926 )	/ 2 )
	=	-3900.28	/	20334.62
	=	-19.18 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Sociedad Hipodromo Chile (XSGO:HIPODROMOA) 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.

Sociedad Hipodromo Chile ROCE % Related Terms

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Sociedad Hipodromo Chile (XSGO:HIPODROMOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sociedad Hipodromo Chile SA (XSGO:HIPODROMOA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenue Hipodromo Chile No. 1715, Comuna de Independencia, Santiago, CHL, 9371

Website

http://www.hipodromo.cl

Sociedad Hipodromo Chile SA is a Chile based firm organizes horse races with betting. The company is also involved in promoting various horse breeds, horse breeding, selling and importing thoroughbred horses and forms centers for horse training.

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