Central Japan Railway Co (TSE:9022) ROCE % : 8.68% (As of Dec. 2023)

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What is Central Japan Railway 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. Central Japan Railway Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.68%.

Central Japan Railway Co ROCE % Historical Data

The historical data trend for Central Japan Railway 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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Central Japan Railway Co ROCE % Chart

Central Japan Railway Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.41

-2.13

0.14

4.40

6.97

Central Japan Railway 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															3.27	6.74	7.54	8.68	4.87

Central Japan Railway Co ROCE % Calculation

Central Japan Railway Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	624420	/	( ( (9514409 - 729452)	+	(9941896 - 798703) )	/ 2 )
	=	624420	/	( (8784957	+	9143193)	/ 2 )
	=	624420	/	8964075
	=	6.97 %

Central Japan Railway 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 )
	=	784224	/	( ( (9558549 - 548512)	+	(9729329 - 668032) )	/ 2 )
	=	784224	/	( ( 9010037	+	9061297 )	/ 2 )
	=	784224	/	9035667
	=	8.68 %

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

Central Japan Railway Co (TSE:9022) 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.

Central Japan Railway Co ROCE % Related Terms

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Central Japan Railway Co (TSE:9022) Business Description

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Address

JR Central Towers, Meieki 1-1-4, Nakamura-ku, Aichi, Nagoya, JPN, 450-6101

Website

http://jr-central.co.jp

Central Japan Railway Company, or JR Central, is the main railway operator in Nagoya and the Chubu region in central Japan. It was originally established when the government-owned nationwide railway operator underwent a six-way territorial split in 1987. Its main asset is the Tokaido Shinkansen, which spans Japan's most wealthy and populous area and links Tokyo, Yokohama, Nagoya, Kyoto, and Osaka. It contributes three-fourths of revenue, with most of the balance from merchandise, conventional train lines, and real estate.

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