Samty Residential Investment (TSE:3459) ROC % : 2.98% (As of Jan. 2023)

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What is Samty Residential Investment ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Samty Residential Investment's annualized return on capital (ROC %) for the quarter that ended in Jan. 2023 was 2.98%.

As of today (2024-06-06), Samty Residential Investment's WACC % is 0.00%. Samty Residential Investment's ROC % is 0.00% (calculated using TTM income statement data). Samty Residential Investment earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Samty Residential Investment ROC % Historical Data

The historical data trend for Samty Residential Investment's ROC % 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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Samty Residential Investment ROC % Chart

Samty Residential Investment Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

ROC %

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3.72

2.94

3.55

3.25

3.19

Samty Residential Investment Semi-Annual Data
	Aug15	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jan24
ROC %	Get a 7-Day Free Trial											2.82	3.15	3.15	2.98	3.06

Samty Residential Investment ROC % Calculation

Samty Residential Investment's annualized Return on Capital (ROC %) for the fiscal year that ended in Jul. 2021 is calculated as:

	ROC % (A: Jul. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Jul. 2020 )	+	Invested Capital (A: Jul. 2021 ))	/ count )
=	4030.726 * ( 1 - 0.05% )	/	( (120946.729	+	131379.027)	/ 2 )
=	4028.710637	/	126162.878
=	3.19 %

where

	Invested Capital		(A: Jul. 2020 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	115827.368	-	288.098	-	( 1691.159	-	max(0, 9057.257	-	3649.798	+	1691.159	))
=	120946.729

	Invested Capital		(A: Jul. 2021 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	124926.629	-	439.015	-	( 2780.018	-	max(0, 11755.492	-	4864.079	+	2780.018	))
=	131379.027

Samty Residential Investment's annualized Return on Capital (ROC %) for the quarter that ended in Jan. 2023 is calculated as:

	ROC % (Q: Jan. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2022 )	+	Invested Capital (Q: Jan. 2023 ))	/ count )
=	5075.612 * ( 1 - 0.05% )	/	( (162483.232	+	177826.2)	/ 2 )
=	5073.074194	/	170154.716
=	2.98 %

where

	Invested Capital		(Q: Jul. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	155528.142	-	742.253	-	( 2957.767	-	max(0, 13204.121	-	5506.778	+	2957.767	))
=	162483.232

	Invested Capital		(Q: Jan. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	171482.065	-	589.552	-	( 3185.547	-	max(0, 12887.403	-	5953.716	+	3185.547	))
=	177826.2

Note: The Operating Income data used here is two times the semi-annual (Jan. 2023) data.

Samty Residential Investment (TSE:3459) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Samty Residential Investment's WACC % is 0.00%. Samty Residential Investment's ROC % is 0.00% (calculated using TTM income statement data). Samty Residential Investment earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Samty Residential Investment ROC % Related Terms

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Samty Residential Investment (TSE:3459) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Samty Residential Investment Corp (TSE:3459) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

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Address

1-8-3, Marunouchi Chiyoda-ku, Tokyo, JPN, 100-0005

Website

http://www.samty-residential.com

Samty Residential Investment Corp is a Japanese real estate investment trust. The company invests in portfolio of residential real estate properties including single type, compact type and family type residential units.

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