Iida Group Holdings Co (TSE:3291) ROCE % : 3.78% (As of Dec. 2023)

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What is Iida Group Holdings 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. Iida Group Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.78%.

Iida Group Holdings Co ROCE % Historical Data

The historical data trend for Iida Group Holdings 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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Iida Group Holdings Co ROCE % Chart

Iida Group Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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10.37

8.26

11.62

13.33

8.84

Iida Group Holdings Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.20	3.44	6.10	6.06	3.78

Iida Group Holdings Co ROCE % Calculation

Iida Group Holdings Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	111821	/	( ( (1708668 - 468642)	+	(1764918 - 475700) )	/ 2 )
	=	111821	/	( (1240026	+	1289218)	/ 2 )
	=	111821	/	1264622
	=	8.84 %

Iida Group Holdings Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	49628	/	( ( (1788446 - 484140)	+	(1818629 - 495278) )	/ 2 )
	=	49628	/	( ( 1304306	+	1323351 )	/ 2 )
	=	49628	/	1313828.5
	=	3.78 %

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

Iida Group Holdings Co (TSE:3291) 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.

Iida Group Holdings Co ROCE % Related Terms

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Iida Group Holdings Co (TSE:3291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Iida Group Holdings Co Ltd (TSE:3291) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IIO:Germany

Address

1-4-1, Nishihara-cho Nishitokyo, Tokyo, JPN

Website

https://www.ighd.co.jp

Iida Group Holdings Co Ltd is engaged in the operation of real estate business. It is involved in the development of real estate properties and the sale of various real estate properties. The company is also involved in various other real estate-related activities, such as renovation works, real estate brokerage services, hot spring and golf course operations, arrangement and lending of mortgage loans, and the provision of Internet-related consulting services, among others.

Iida Group Holdings Co (TSE:3291) Headlines

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