Joyful Honda Co (TSE:3191) ROCE % : 8.02% (As of Mar. 2024)

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What is Joyful Honda 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. Joyful Honda Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.02%.

Joyful Honda Co ROCE % Historical Data

The historical data trend for Joyful Honda 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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Joyful Honda Co ROCE % Chart

Joyful Honda Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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4.96

10.30

9.43

10.09

8.78

Joyful Honda Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.95	8.05	8.91	8.63	8.02

Joyful Honda Co ROCE % Calculation

Joyful Honda 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 )
	=	12274	/	( ( (156431 - 18224)	+	(160927 - 19486) )	/ 2 )
	=	12274	/	( (138207	+	141441)	/ 2 )
	=	12274	/	139824
	=	8.78 %

Joyful Honda Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	11040	/	( ( (158312 - 20461)	+	(155244 - 17758) )	/ 2 )
	=	11040	/	( ( 137851	+	137486 )	/ 2 )
	=	11040	/	137668.5
	=	8.02 %

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

Joyful Honda Co (TSE:3191) 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.

Joyful Honda Co ROCE % Related Terms

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Joyful Honda Co (TSE:3191) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Joyful Honda Co Ltd (TSE:3191) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-16-2 Fujisaki, Ibaraki Prefecture, Tsuchiura, JPN, 300-0813

Website

https://www.joyfulhonda.com

Joyful Honda Co Ltd is engaged in the home center retail business. Its business operations are grouped into four divisions: Home Center, Garden Center, Pet Center and Exterior Center. Home Centers supplies timber, building materials, paint, tools, hardware, worker essentials, electrical fittings and other materials for home renovation projects. Garden Centers provides an extensive range of flower seedlings, vegetable seedlings, plants, mulch and other soil for horticulture, fertilizers, plant pots and other gardening supplies. Pet Center offers pet-related products, including pet food, cages, and toys. Exterior Centers provide services from sales to construction.

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