Sankei Real Estate (TSE:2972) ROCE % : 2.67% (As of Aug. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Sankei Real Estate 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. Sankei Real Estate's annualized ROCE % for the quarter that ended in Aug. 2023 was 2.67%.

Sankei Real Estate ROCE % Historical Data

The historical data trend for Sankei Real Estate'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.

* Premium members only.

Sankei Real Estate ROCE % Chart

Sankei Real Estate Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

3.72

3.13

3.72

2.58

Sankei Real Estate Semi-Annual Data
	Apr19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial					3.64	3.33	2.50	2.67	2.48

Sankei Real Estate ROCE % Calculation

Sankei Real Estate'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 )
	=	2462.038	/	( ( (106553.676 - 10825.198)	+	(112235.819 - 16978.677) )	/ 2 )
	=	2462.038	/	( (95728.478	+	95257.142)	/ 2 )
	=	2462.038	/	95492.81
	=	2.58 %

Sankei Real Estate's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	2539.502	/	( ( (105828.211 - 10776.204)	+	(112235.819 - 16978.677) )	/ 2 )
	=	2539.502	/	( ( 95052.007	+	95257.142 )	/ 2 )
	=	2539.502	/	95154.5745
	=	2.67 %

(1) Note: The EBIT data used here is two times the semi-annual (Aug. 2023) EBIT data.

Sankei Real Estate (TSE:2972) 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.

Sankei Real Estate ROCE % Related Terms

Thank you for viewing the detailed overview of Sankei Real Estate's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Sankei Real Estate (TSE:2972) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sankei Real Estate Inc (TSE:2972) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-7-2 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

https://www.s-reit.co.jp

Sankei Real Estate Inc is a Japanese based J-REIT. The company is engaged in the leasing of real estate properties, and owns office buildings.

Sankei Real Estate (TSE:2972) Headlines

No Headlines