FP Partner (TSE:7388) ROCE % : 44.94% (As of Feb. 2024)

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What is FP Partner 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. FP Partner's annualized ROCE % for the quarter that ended in Feb. 2024 was 44.94%.

FP Partner ROCE % Historical Data

The historical data trend for FP Partner'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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FP Partner ROCE % Chart

FP Partner Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

ROCE %

21.09

46.93

54.73

48.78

FP Partner Quarterly Data
	Nov20	Nov21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial					59.62	47.74	64.08	28.13	44.94

FP Partner ROCE % Calculation

FP Partner's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	5610.829	/	( ( (14265.605 - 4743.449)	+	(19150.483 - 5666.28) )	/ 2 )
	=	5610.829	/	( (9522.156	+	13484.203)	/ 2 )
	=	5610.829	/	11503.1795
	=	48.78 %

FP Partner's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	5579.704	/	( ( (19150.483 - 5666.28)	+	(16045.793 - 4700.081) )	/ 2 )
	=	5579.704	/	( ( 13484.203	+	11345.712 )	/ 2 )
	=	5579.704	/	12414.9575
	=	44.94 %

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

FP Partner (TSE:7388) 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.

FP Partner ROCE % Related Terms

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FP Partner (TSE:7388) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » FP Partner Inc (TSE:7388) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-5-3 Koraku, 5F Koraku International Building, Bunkyo-ku, Tokyo, JPN, 112-0004

Website

https://www.fpp.jp

FP Partner Inc is engaged in the Insurance agency business. It offers insurance for individuals and corporations, Financial instruments intermediary service and for housing loan agency business.

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