Ichibanya Co (TSE:7630) ROCE % : 16.43% (As of Nov. 2023)

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What is Ichibanya 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. Ichibanya Co's annualized ROCE % for the quarter that ended in Nov. 2023 was 16.43%.

Ichibanya Co ROCE % Historical Data

The historical data trend for Ichibanya 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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Ichibanya Co ROCE % Chart

Ichibanya Co Annual Data

Trend

May15

May16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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12.90

7.22

12.26

10.79

11.83

Ichibanya Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															14.29	14.77	9.92	16.43	6.29

Ichibanya Co ROCE % Calculation

Ichibanya Co's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	4338.611	/	( ( (42432.899 - 5915.119)	+	(44032.846 - 7203.688) )	/ 2 )
	=	4338.611	/	( (36517.78	+	36829.158)	/ 2 )
	=	4338.611	/	36673.469
	=	11.83 %

Ichibanya Co's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	6050.784	/	( ( (43749.679 - 6778.46)	+	(43199.818 - 6500.812) )	/ 2 )
	=	6050.784	/	( ( 36971.219	+	36699.006 )	/ 2 )
	=	6050.784	/	36835.1125
	=	16.43 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2023) EBIT data.

Ichibanya Co (TSE:7630) 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.

Ichibanya Co ROCE % Related Terms

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Ichibanya Co (TSE:7630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Ichibanya Co Ltd (TSE:7630) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

7630:Japan

Address

6-12-23 Mitsui, Ichinomiya shi, Aichi, JPN

Website

http://www.ichibanya.co.jp

Ichibanya Co Ltd owns, operates, and franchises CoCo Ichibanya and other restaurants, primarily in Japan. Nearly all Ichibanya's restaurants operate under the brand name CoCo Ichibanya, which specializes in curry dishes and has more than 1,000 locations in Japan and more than 150 locations in other Asian countries and the United States. Other restaurant brands that Ichibanya operates and franchises in Japan include Pasta de CoCo, Menya CoCo Ichi, and Nikkui Tei. Nearly 90% of the company's revenue is generated in Japan.

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