Higashinihon Jisho Co (TSE:139A) ROCE % : 0.00% (As of Aug. 2022)

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What is Higashinihon Jisho 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. Higashinihon Jisho Co's annualized ROCE % for the quarter that ended in Aug. 2022 was 0.00%.

Higashinihon Jisho Co ROCE % Historical Data

The historical data trend for Higashinihon Jisho 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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Higashinihon Jisho Co ROCE % Chart

Higashinihon Jisho Co Annual Data

Trend

Aug22

Aug23

ROCE %

38.49

41.91

Higashinihon Jisho Co Quarterly Data
	Aug22	Aug23
ROCE %	-	-

Higashinihon Jisho Co ROCE % Calculation

Higashinihon Jisho Co's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	316.102	/	( ( (1343.692 - 704.501)	+	(1680.252 - 810.805) )	/ 2 )
	=	316.102	/	( (639.191	+	869.447)	/ 2 )
	=	316.102	/	754.319
	=	41.91 %

Higashinihon Jisho Co's ROCE % of for the quarter that ended in Aug. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2022 )		(Q: . 20 )		(Q: Aug. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2022 )		(Q: . 20 )		(Q: Aug. 2022 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is four times the quarterly (Aug. 2022) EBIT data.

Higashinihon Jisho Co (TSE:139A) 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.

Higashinihon Jisho Co ROCE % Related Terms

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Higashinihon Jisho Co (TSE:139A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Higashinihon Jisho Co Ltd (TSE:139A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-2 Shintoshin, Chuo-ku, Saitama, Saitama-shi, JPN, 330-0081

Website

https://higashi-nihonjisho.com

Higashinihon Jisho Co Ltd is engaged in construction business for detached rental house, Transaction business of real estate (brokerage or purchase and sales), etc.

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