Yamato Holdings Co (TSE:9064) ROCE % : 26.31% (As of Dec. 2023)

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What is Yamato 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. Yamato Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.31%.

Yamato Holdings Co ROCE % Historical Data

The historical data trend for Yamato 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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Yamato Holdings Co ROCE % Chart

Yamato Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.33

6.41

13.28

11.41

7.71

Yamato 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															24.19	-2.68	1.08	4.73	26.31

Yamato Holdings Co ROCE % Calculation

Yamato 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 )
	=	57719	/	( ( (1086854 - 352807)	+	(1107587 - 344758) )	/ 2 )
	=	57719	/	( (734047	+	762829)	/ 2 )
	=	57719	/	748438
	=	7.71 %

Yamato 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 )
	=	204556	/	( ( (1117973 - 359786)	+	(1209463 - 412785) )	/ 2 )
	=	204556	/	( ( 758187	+	796678 )	/ 2 )
	=	204556	/	777432.5
	=	26.31 %

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

Yamato Holdings Co (TSE:9064) 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.

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Yamato Holdings Co (TSE:9064) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Yamato Holdings Co Ltd (TSE:9064) » Definitions » ROCE %

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YATRY:USA

Address

16-10, Ginza 2-chome, Chuo-ku, Tokyo, JPN, 104-8125

Website

http://www.yamato-hd.co.jp

Yamato Holdings Co Ltd is a Japan-based company which provides parcel delivery services for private and business customers. It is primarily involved in six business segments, namely Delivery, BIZ-Logistics, Home Convenience, e-Business, Financial, and Autoworks, as well as services incidental to these activities. The company generates the majority of its revenue from the delivery and BIZ-Logistics business segments. The Delivery Business provides small parcel delivery services for the general public and corporations. The BIZ-Logistics business is involved in providing intercompany logistics services, aimed at the B2B supply-chain management market.

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