Ayala Land (PHS:ALI) ROCE % : 8.72% (As of Dec. 2023)

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What is Ayala Land 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. Ayala Land's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.72%.

Ayala Land ROCE % Historical Data

The historical data trend for Ayala Land'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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Ayala Land ROCE % Chart

Ayala Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.60

5.42

5.83

7.04

8.33

Ayala Land 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															6.94	6.66	8.65	9.33	8.72

Ayala Land ROCE % Calculation

Ayala Land'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 )
	=	49539.463	/	( ( (779654.52 - 202523.944)	+	(846632.482 - 234177.111) )	/ 2 )
	=	49539.463	/	( (577130.576	+	612455.371)	/ 2 )
	=	49539.463	/	594792.9735
	=	8.33 %

Ayala Land'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 )
	=	52574.464	/	( ( (805557.064 - 212060.377)	+	(846632.482 - 234177.111) )	/ 2 )
	=	52574.464	/	( ( 593496.687	+	612455.371 )	/ 2 )
	=	52574.464	/	602976.029
	=	8.72 %

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

Ayala Land (PHS:ALI) 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.

Ayala Land ROCE % Related Terms

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Ayala Land (PHS:ALI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ayala Land Inc (PHS:ALI) » Definitions » ROCE %

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AYAAF:USA

Address

Ayala Triangle, Ayala Avenue, 31st Floor, Tower One and Exchange Plaza, Makati City, PHL, 1226

Website

https://www.ayalaland.com.ph

Ayala Land is a real estate conglomerate operating in the Philippines that plans and develops large-scale, integrated estates. Ayala develops commercial and industrial parks and engages in property management and construction. The company operates in seven business segments: Property Development; International; Shopping Centers; Offices; Hotels and Resorts; Construction; Property Management and Others. The majority of revenue gets derived from the Property development segment that engages in the sale of high-end and upper-middle-income residential lots and units, affordable housing units and lots, economic housing, and leisure community developments.

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