Philippine Racing Club (PHS:PRC) ROCE % : 2.74% (As of Mar. 2024)

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What is Philippine Racing Club 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. Philippine Racing Club's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.74%.

Philippine Racing Club ROCE % Historical Data

The historical data trend for Philippine Racing Club'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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Philippine Racing Club ROCE % Chart

Philippine Racing Club Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.75

4.47

0.44

1.18

2.65

Philippine Racing Club 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															1.95	1.23	17.76	-9.62	2.74

Philippine Racing Club ROCE % Calculation

Philippine Racing Club'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 )
	=	169.221	/	( ( (7447.103 - 1284.841)	+	(7682.044 - 1052.717) )	/ 2 )
	=	169.221	/	( (6162.262	+	6629.327)	/ 2 )
	=	169.221	/	6395.7945
	=	2.65 %

Philippine Racing Club'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 )
	=	180.908	/	( ( (7682.044 - 1052.717)	+	(7649.499 - 1067.016) )	/ 2 )
	=	180.908	/	( ( 6629.327	+	6582.483 )	/ 2 )
	=	180.908	/	6605.905
	=	2.74 %

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

Philippine Racing Club (PHS:PRC) 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.

Philippine Racing Club ROCE % Related Terms

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Philippine Racing Club (PHS:PRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Philippine Racing Club Inc (PHS:PRC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saddle and Clubs Leisure Park, Barangay Sabang, Cavite, Naic, PHL, 1207

Website

http://www.prci.com.ph

Philippine Racing Club Inc is involved in the business of operating and maintaining a racetrack covered by its franchise and managing betting stations. It is also engaged in acquiring and developing real properties including but not limited to leisure, recreational and memorial parks and owning, operating, managing and/or selling real estate. The company's reportable segment involves Real Estate Operations, Club Racing Operations, and Leasing and Sale of Food, beverages, and Services. It derives key revenue from the real estate sales activity.

Philippine Racing Club (PHS:PRC) Headlines

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