Koryojyuhan Co (TSE:3495) ROCE % : 7.28% (As of Mar. 2024)

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What is Koryojyuhan 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. Koryojyuhan Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.28%.

Koryojyuhan Co ROCE % Historical Data

The historical data trend for Koryojyuhan 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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Koryojyuhan Co ROCE % Chart

Koryojyuhan Co Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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9.47

9.31

9.55

11.53

11.36

Koryojyuhan 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															13.14	16.48	3.15	23.59	7.28

Koryojyuhan Co ROCE % Calculation

Koryojyuhan Co's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	950.256	/	( ( (11511.224 - 4295.538)	+	(14129.111 - 4618.284) )	/ 2 )
	=	950.256	/	( (7215.686	+	9510.827)	/ 2 )
	=	950.256	/	8363.2565
	=	11.36 %

Koryojyuhan 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 )
	=	735.724	/	( ( (14721.987 - 5075.517)	+	(15025.119 - 4467.321) )	/ 2 )
	=	735.724	/	( ( 9646.47	+	10557.798 )	/ 2 )
	=	735.724	/	10102.134
	=	7.28 %

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

Koryojyuhan Co (TSE:3495) 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.

Koryojyuhan Co ROCE % Related Terms

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Koryojyuhan Co (TSE:3495) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Koryojyuhan Co Ltd (TSE:3495) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-4-33 Minami-Machi, Ibaraki, Mito-shi, JPN, 310-0021

Website

https://www.koryo-j.co.jp

Koryojyuhan Co Ltd is a Japanese real estate company. The company is engaged in buying and selling of real estate properties. It also provides other real estate related services including leasing, brokering and property management.

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