Comforia Residential REIT (TSE:3282) ROCE % : 3.24% (As of Jul. 2023)

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What is Comforia Residential REIT 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. Comforia Residential REIT's annualized ROCE % for the quarter that ended in Jul. 2023 was 3.24%.

Comforia Residential REIT ROCE % Historical Data

The historical data trend for Comforia Residential REIT'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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Comforia Residential REIT ROCE % Chart

Comforia Residential REIT Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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3.40

3.27

3.87

3.06

3.18

Comforia Residential REIT Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial															3.09	3.09	3.19	3.24	3.20

Comforia Residential REIT ROCE % Calculation

Comforia Residential REIT's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	9096.29	/	( ( (300510.944 - 21623.496)	+	(318577.426 - 24740.304) )	/ 2 )
	=	9096.29	/	( (278887.448	+	293837.122)	/ 2 )
	=	9096.29	/	286362.285
	=	3.18 %

Comforia Residential REIT's ROCE % of for the quarter that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2023 )		(Q: Jan. 2023 )		(Q: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2023 )		(Q: Jan. 2023 )		(Q: Jul. 2023 )
	=	9286.714	/	( ( (303392.292 - 24475.945)	+	(318577.426 - 24740.304) )	/ 2 )
	=	9286.714	/	( ( 278916.347	+	293837.122 )	/ 2 )
	=	9286.714	/	286376.7345
	=	3.24 %

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

Comforia Residential REIT (TSE:3282) 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.

Comforia Residential REIT ROCE % Related Terms

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Comforia Residential REIT (TSE:3282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Comforia Residential REIT Inc (TSE:3282) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1 Minami-Aoyama 1-chome, Minato-ku, Tokyo, JPN

Website

http://www.comforia-reit.co.jp

Comforia Residential REIT Inc is a Japan-based residential real estate investment trust. The company is engaged in investment in residential real estates for lease, real estate backed assets and general leasing properties. It offers leasing properties for singles and small families. The REIT invests in leasing properties located in Tokyo metropolitan and other residential properties in communities in other cities.

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