Filinvest Land (PHS:FLI) ROCE % : 4.64% (As of Mar. 2024)

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What is Filinvest 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. Filinvest Land's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.64%.

Filinvest Land ROCE % Historical Data

The historical data trend for Filinvest 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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Filinvest Land ROCE % Chart

Filinvest Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.53

4.92

3.52

3.85

4.21

Filinvest Land 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															3.83	4.03	4.76	4.70	4.64

Filinvest Land ROCE % Calculation

Filinvest 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 )
	=	7042.19	/	( ( (200115.179 - 37445.43)	+	(204476.077 - 32206.852) )	/ 2 )
	=	7042.19	/	( (162669.749	+	172269.225)	/ 2 )
	=	7042.19	/	167469.487
	=	4.21 %

Filinvest Land'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 )
	=	7607.6	/	( ( (204476.077 - 32206.852)	+	(196033.025 - 40297.261) )	/ 2 )
	=	7607.6	/	( ( 172269.225	+	155735.764 )	/ 2 )
	=	7607.6	/	164002.4945
	=	4.64 %

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

Filinvest Land (PHS:FLI) 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.

Filinvest Land ROCE % Related Terms

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Filinvest Land (PHS:FLI) Business Description

Industry

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

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Address

79 EDSA, Filinvest Building, Highway Hills, Metro Manila, Mandaluyong City, PHL, 1550

Website

https://www.filinvestland.com

Filinvest Land Inc is a Philippines-based company principally engaged in property development. The company offers several real estate projects, including residential property, leisure property, offices, commercial property, and townscapes, which feature a complete live-work-play environment for families. The company owns a network of sales offices, in-house sales agents, and brokers across the Philippines. It focuses on the middle-income customer segment but also offers projects that meet demand from the low-end and high-end components.

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