Araneta Properties (PHS:ARA) ROCE % : 36.96% (As of Mar. 2024)

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What is Araneta Properties 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. Araneta Properties's annualized ROCE % for the quarter that ended in Mar. 2024 was 36.96%.

Araneta Properties ROCE % Historical Data

The historical data trend for Araneta Properties'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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Araneta Properties ROCE % Chart

Araneta Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.12

-1.44

-1.46

-0.41

-1.67

Araneta Properties 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															-2.51	1.64	-3.56	-2.27	36.96

Araneta Properties ROCE % Calculation

Araneta Properties'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 )
	=	-29.701	/	( ( (1972.83 - 184.516)	+	(1973.207 - 209.428) )	/ 2 )
	=	-29.701	/	( (1788.314	+	1763.779)	/ 2 )
	=	-29.701	/	1776.0465
	=	-1.67 %

Araneta Properties'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 )
	=	680.872	/	( ( (1973.207 - 209.428)	+	(2183.314 - 263.106) )	/ 2 )
	=	680.872	/	( ( 1763.779	+	1920.208 )	/ 2 )
	=	680.872	/	1841.9935
	=	36.96 %

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

Araneta Properties (PHS:ARA) 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.

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Araneta Properties (PHS:ARA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Araneta Properties Inc (PHS:ARA) » Definitions » ROCE %

Comparable Companies

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N/A

Address

Paseo de Roxas, 21st Floor, BDO Towers Valero Condo Corp, Makati, PHL, 1227

Website

https://www.aranetaproperties.com

Araneta Properties Inc is a real estate developer in the Philippines. The company acquires, owns, holds, improves, develops, subdivides, sells, leases, rents, mortgages, manages, and otherwise deals in real estate or any interest therein for residential, commercial, industrial, and recreational purposes. Its property portfolio consists of San Jose del Monte, Bulacan Property; Smelting Plant Property; Land Banking Activities in San Jose Del Monte, Bulacan; and the Land Banking Activities City of Laoag, Ilocos Norte.