Star Mica Holdings Co (TSE:2975) ROCE % : 5.71% (As of Feb. 2024)

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What is Star Mica 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. Star Mica Holdings Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 5.71%.

Star Mica Holdings Co ROCE % Historical Data

The historical data trend for Star Mica 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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Star Mica Holdings Co ROCE % Chart

Star Mica Holdings Co Annual Data

Trend

Apr18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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9.41

4.66

5.95

8.13

5.75

Star Mica Holdings 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															6.61	6.61	6.08	3.62	5.71

Star Mica Holdings Co ROCE % Calculation

Star Mica Holdings Co's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	4606.361	/	( ( (90378.229 - 12250.711)	+	(94982.751 - 12868.316) )	/ 2 )
	=	4606.361	/	( (78127.518	+	82114.435)	/ 2 )
	=	4606.361	/	80120.9765
	=	5.75 %

Star Mica Holdings 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 )
	=	4725.66	/	( ( (94982.751 - 12868.316)	+	(96534.061 - 13081.122) )	/ 2 )
	=	4725.66	/	( ( 82114.435	+	83452.939 )	/ 2 )
	=	4725.66	/	82783.687
	=	5.71 %

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

Star Mica Holdings Co (TSE:2975) 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.

Star Mica Holdings Co ROCE % Related Terms

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Star Mica Holdings Co (TSE:2975) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Star Mica Holdings Co Ltd (TSE:2975) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Shiroyama Trust Tower, 4-3-1 Toranomon, 28th FLoor, Minato-ku, Tokyo, JPN, 105-6028

Website

https://www.starmica.co.jp

Star Mica Holdings Co Ltd is a Japanese based company engaged in providing real estate services. It offers real estate renovation, real estate investment business, advisory business and other services.

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