Agora Hospitality Group Co (FRA:3R8) ROCE % : 2.74% (As of Mar. 2024)

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What is Agora Hospitality Group 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. Agora Hospitality Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.74%.

Agora Hospitality Group Co ROCE % Historical Data

The historical data trend for Agora Hospitality Group 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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Agora Hospitality Group Co ROCE % Chart

Agora Hospitality Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.29

-6.70

-11.77

-10.28

0.23

Agora Hospitality Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-2.24	3.17	-5.16	4.59	2.74

Agora Hospitality Group Co ROCE % Calculation

Agora Hospitality Group Co'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 )
	=	0.163	/	( ( (119.195 - 58.806)	+	(116.116 - 36.268) )	/ 2 )
	=	0.163	/	( (60.389	+	79.848)	/ 2 )
	=	0.163	/	70.1185
	=	0.23 %

Agora Hospitality Group Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	2.26	/	( ( (116.116 - 36.268)	+	(122.59 - 37.659) )	/ 2 )
	=	2.26	/	( ( 79.848	+	84.931 )	/ 2 )
	=	2.26	/	82.3895
	=	2.74 %

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

Agora Hospitality Group Co (FRA:3R8) 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.

Agora Hospitality Group Co ROCE % Related Terms

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Agora Hospitality Group Co (FRA:3R8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Agora Hospitality Group Co Ltd (FRA:3R8) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

9704:Japan

Address

5-2-6 Toranomon, Minato-ku, 7 Floor, Toranomon Dai 2 Waiko Building, Tokyo, JPN, 105-0001

Website

https://www.agora.jp

Agora Hospitality Group Co Ltd operates Japanese style hotels. The company administers its business in two divisions including Hospitality business, and Other investment business. Its Hospitality business is involved in hotel operations including city hotels, business hotels, hotels inn, and resort hotels. Other investment business invests in residential buildings located in central Tokyo. It also engages in developing and selling burial plots and columbarium in Klang Valley, Malaysia, as well as developing retirement homes, village, retail shops, and hotels in Melbourne.

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