Swire Pacific (Swire Pacific) ROCE % : 13.55% (As of Dec. 2023)

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What is Swire Pacific 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. Swire Pacific's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.55%.

Swire Pacific ROCE % Historical Data

The historical data trend for Swire Pacific'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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Swire Pacific ROCE % Chart

Swire Pacific Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.22

-0.17

2.93

2.67

8.78

Swire Pacific Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															4.86	2.37	2.99	3.84	13.55

Swire Pacific ROCE % Calculation

Swire Pacific'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 )
	=	4500.884	/	( ( (55843.759 - 5334.601)	+	(57332.07 - 5354.042) )	/ 2 )
	=	4500.884	/	( (50509.158	+	51978.028)	/ 2 )
	=	4500.884	/	51243.593
	=	8.78 %

Swire Pacific'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	7030.654	/	( ( (57682.88 - 5909.613)	+	(57332.07 - 5354.042) )	/ 2 )
	=	7030.654	/	( ( 51773.267	+	51978.028 )	/ 2 )
	=	7030.654	/	51875.6475
	=	13.55 %

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

Swire Pacific (OTCPK:SWRAF) 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.

Swire Pacific ROCE % Related Terms

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Swire Pacific (Swire Pacific) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Swire Pacific Ltd (OTCPK:SWRAF) » Definitions » ROCE %

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Traded in Other Exchanges

SWRBY:USA SWRBF:USA SWRAY:USA 00087:Hong Kong 00019:Hong Kong SWI1:Germany

Address

88 Queensway, GPO Box 1, 33rd Floor, One Pacific Place, Hong Kong, HKG

Website

https://www.swirepacific.com

Swire Pacific is a Hong Kong-based conglomerate with interests in property, aviation, beverage, trading, and industrials. The property division, an 82% stake in Swire Properties, contributes more than half of the group's operating profit. The beverage division is one of two Coca-Cola bottlers in mainland China and also a bottler in Hong Kong, Taiwan, Vietnam, and Cambodia. The aviation division consists of Haeco, an aircraft engineering company, and a 45% stake in Cathay Pacific. As of end June 2023, John Swire & Sons, the parent company, holds a 60% stake in Swire Pacific but has 68% of the voting rights through a dual-class share structure.

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