Answer Holdings Co (TSE:2994) ROCE % : 3.87% (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Answer 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. Answer Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.87%.

Answer Holdings Co ROCE % Historical Data

The historical data trend for Answer 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.

* Premium members only.

Answer Holdings Co ROCE % Chart

Answer Holdings Co Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

2.63

-0.13

2.61

Answer Holdings Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-1.82	1.39	4.21	0.97	3.87

Answer Holdings Co ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	104.12	/	( ( (4973.079 - 919.67)	+	(5160.417 - 1240.412) )	/ 2 )
	=	104.12	/	( (4053.409	+	3920.005)	/ 2 )
	=	104.12	/	3986.707
	=	2.61 %

Answer Holdings Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	150.528	/	( ( (5160.417 - 1240.412)	+	(5170.702 - 1302.206) )	/ 2 )
	=	150.528	/	( ( 3920.005	+	3868.496 )	/ 2 )
	=	150.528	/	3894.2505
	=	3.87 %

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

Answer Holdings Co (TSE:2994) 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.

Answer Holdings Co ROCE % Related Terms

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

Answer Holdings Co (TSE:2994) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Answer Holdings Co Ltd (TSE:2994) » Definitions » ROCE %

Comparable Companies

OTSE:TPD1T TSXV:RLP AMM:EMAR ASX:RPG XSAT:SLOTT B NIHK SGX:BCD BOM:531822 BOM:523144 XKLS:6041

Traded in Other Exchanges

N/A

Address

2-15-46 Asano, Kokurakita-ku, Kitakyusyu-shi, Fukuoka, JPN, 802-0001

Website

https://www.answerholdings.co.jp

Answer Holdings Co Ltd is involved in the real estate, remodeling and related business.

Answer Holdings Co (TSE:2994) Headlines

No Headlines