Shang Properties (PHS:SHNG) ROCE % : 10.55% (As of Mar. 2024)

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What is Shang 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. Shang Properties's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.55%.

Shang Properties ROCE % Historical Data

The historical data trend for Shang 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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Shang Properties ROCE % Chart

Shang Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.10

3.75

2.78

9.08

12.84

Shang 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															11.51	11.80	23.69	15.77	10.55

Shang Properties ROCE % Calculation

Shang 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 )
	=	7201.602	/	( ( (67629.918 - 13867.912)	+	(74650.31 - 16274.137) )	/ 2 )
	=	7201.602	/	( (53762.006	+	58376.173)	/ 2 )
	=	7201.602	/	56069.0895
	=	12.84 %

Shang 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 )
	=	6224.464	/	( ( (74650.31 - 16274.137)	+	(77579.267 - 17968.794) )	/ 2 )
	=	6224.464	/	( ( 58376.173	+	59610.473 )	/ 2 )
	=	6224.464	/	58993.323
	=	10.55 %

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

Shang Properties (PHS:SHNG) 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.

Shang Properties ROCE % Related Terms

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Shang Properties (PHS:SHNG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

EDSA Corner Shaw Boulevard, Level 5, Administration Offices, Shangri-La Plaza Mall, Metro Manila, Mandaluyong, PHL, 1550

Website

https://www.shangproperties.com

Shang Properties Inc engages in property investment and development, real estate management, leasing, and mall and carpark operations in the Philippines. The company has operations in the Philippines. Its business divisions are Property Development, Hotel Operation, and Leasing.

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