Tama Home Co (TSE:1419) ROCE % : -15.25% (As of Feb. 2024)

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What is Tama Home 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. Tama Home Co's annualized ROCE % for the quarter that ended in Feb. 2024 was -15.25%.

Tama Home Co ROCE % Historical Data

The historical data trend for Tama Home 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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Tama Home Co ROCE % Chart

Tama Home Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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18.33

27.28

32.67

34.46

32.49

Tama Home Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															9.27	52.58	15.62	16.77	-15.25

Tama Home Co ROCE % Calculation

Tama Home Co's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	13340	/	( ( (105077 - 65451)	+	(111508 - 69023) )	/ 2 )
	=	13340	/	( (39626	+	42485)	/ 2 )
	=	13340	/	41055.5
	=	32.49 %

Tama Home Co's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-5828	/	( ( (102896 - 65115)	+	(102650 - 64017) )	/ 2 )
	=	-5828	/	( ( 37781	+	38633 )	/ 2 )
	=	-5828	/	38207
	=	-15.25 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

Tama Home Co (TSE:1419) 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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Tama Home Co (TSE:1419) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Tama Home Co Ltd (TSE:1419) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-22-9 Takanawa, Minato-ku, Tokyo, JPN, 108-0074

Website

http://www.tamahome.jp

Tama Home Co Ltd is engaged in construction, architectural design, real estate, and insurance agency. It operates through the segments namely Housing Segment, Real Estate Segment, Financial Segment and Other Business Segment. It is involved in construction contractor for custom-built homes, multi-unit homes, the sale of residential lots, development and sale of condominiums and subleasing of office buildings. In addition, it also includes insurance agency services for fire, earthquake, additional policies and agency services, the sale of home furniture and interior construction work, construction contractor for retail facilities and others. It is also involved in the energy and restaurant business. The company generates the majority of its revenue from the Housing segment.

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