Hulic Reit (TSE:3295) ROCE % : 3.02% (As of Aug. 2023)

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What is Hulic 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. Hulic Reit's annualized ROCE % for the quarter that ended in Aug. 2023 was 3.02%.

Hulic Reit ROCE % Historical Data

The historical data trend for Hulic 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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Hulic Reit ROCE % Chart

Hulic Reit Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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3.41

3.37

3.42

3.35

2.96

Hulic Reit Semi-Annual Data
	Apr14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial															3.31	3.28	2.90	3.02	3.05

Hulic Reit ROCE % Calculation

Hulic Reit'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 )
	=	11084.084	/	( ( (400230.715 - 27800.387)	+	(401942.2 - 25259.18) )	/ 2 )
	=	11084.084	/	( (372430.328	+	376683.02)	/ 2 )
	=	11084.084	/	374556.674
	=	2.96 %

Hulic Reit'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 )
	=	11326.12	/	( ( (400524.964 - 26034.465)	+	(401942.2 - 25259.18) )	/ 2 )
	=	11326.12	/	( ( 374490.499	+	376683.02 )	/ 2 )
	=	11326.12	/	375586.7595
	=	3.02 %

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

Hulic Reit (TSE:3295) 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.

Hulic Reit ROCE % Related Terms

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Hulic Reit (TSE:3295) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hulic Reit Inc (TSE:3295) » Definitions » ROCE %

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Address

2-6-9 Hatchobori, Chuo-ku, Tokyo, JPN, 104-0032

Website

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

Hulic Reit, Inc. is engaged in the real estate lease business. The company focuses its investments on the Tokyo commercial property market. The company aims to achieve sustainable growth in assets and stable earnings from mid- to long-term perspectives. The company invests mainly in commercial properties and next-generation assets such as private nursing homes, network centers, and hotels.

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