Landis Taipei Hotel Co (ROCO:5703) ROCE % : 8.84% (As of Mar. 2024)

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What is Landis Taipei Hotel Co 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. Landis Taipei Hotel Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.84%.

Landis Taipei Hotel Co ROCE % Historical Data

The historical data trend for Landis Taipei Hotel Co'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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Landis Taipei Hotel Co ROCE % Chart

Landis Taipei Hotel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.17

-6.25

-15.63

-13.04

7.96

Landis Taipei Hotel Co 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															9.28	0.41	3.60	18.05	8.84

Landis Taipei Hotel Co ROCE % Calculation

Landis Taipei Hotel Co'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 )
	=	51.956	/	( ( (947.828 - 365.971)	+	(943.845 - 220.663) )	/ 2 )
	=	51.956	/	( (581.857	+	723.182)	/ 2 )
	=	51.956	/	652.5195
	=	7.96 %

Landis Taipei Hotel Co'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 )
	=	64.38	/	( ( (943.845 - 220.663)	+	(933.879 - 200.098) )	/ 2 )
	=	64.38	/	( ( 723.182	+	733.781 )	/ 2 )
	=	64.38	/	728.4815
	=	8.84 %

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

Landis Taipei Hotel Co (ROCO:5703) 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.

Landis Taipei Hotel Co ROCE % Related Terms

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Landis Taipei Hotel Co (ROCO:5703) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Landis Taipei Hotel Co Ltd (ROCO:5703) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 41, Minquan East Road, Section 2, Zhongshan District, Taipei, TWN, 104

Website

https://taipei.landishotelsresorts.com

Landis Taipei Hotel Co Ltd is engaged in the provision of hotel accommodations and the operation of restaurants. It mainly engages in international tourist hotel business, along with auxiliary restaurants, cafe, and bar businesses. It also supplies related facilities, such as conference halls, gyms, parking lots, and associated services for some special events. The reporting segments of the group are The Company, Liz Dining, and other segment, of which prime revenue is derived from the Company segment.

Landis Taipei Hotel Co (ROCO:5703) Headlines

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