Ichigo Hotel REIT Investment (TSE:3463) ROCE % : 4.14% (As of Jul. 2023)

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What is Ichigo Hotel REIT Investment 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. Ichigo Hotel REIT Investment's annualized ROCE % for the quarter that ended in Jul. 2023 was 4.14%.

Ichigo Hotel REIT Investment ROCE % Historical Data

The historical data trend for Ichigo Hotel REIT Investment'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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Ichigo Hotel REIT Investment ROCE % Chart

Ichigo Hotel REIT Investment Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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4.53

4.79

1.35

1.90

3.60

Ichigo Hotel REIT Investment Semi-Annual Data
	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
ROCE %	Get a 7-Day Free Trial											1.44	1.78	1.97	3.15	4.14

Ichigo Hotel REIT Investment ROCE % Calculation

Ichigo Hotel REIT Investment'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 )
	=	1498.158	/	( ( (59356.965 - 14094.791)	+	(59042.576 - 20982.073) )	/ 2 )
	=	1498.158	/	( (45262.174	+	38060.503)	/ 2 )
	=	1498.158	/	41661.3385
	=	3.60 %

Ichigo Hotel REIT Investment'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 )
	=	1637	/	( ( (59766.569 - 18766.848)	+	(59042.576 - 20982.073) )	/ 2 )
	=	1637	/	( ( 40999.721	+	38060.503 )	/ 2 )
	=	1637	/	39530.112
	=	4.14 %

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

Ichigo Hotel REIT Investment (TSE:3463) 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.

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Ichigo Hotel REIT Investment (TSE:3463) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ichigo Hotel REIT Investment Corp (TSE:3463) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Uchisaiwaicho 1-1-1, Imperial Hotel Tower, Chiyoda-ku, Tokyo, JPN, 100-0011

Website

http://www.ichigo-hotel.co.jp

Ichigo Hotel REIT Investment Corp operates as a real estate investment trust (REIT) investing in hotel properties. Its investment portfolio includes hotel properties in Sapporo, Kushiro, Yokohama, Tokyo, Hamamatsu, Nagoya, Tokoname, Suzuka, Kyoto, Kobe, Okayama, Osaka, Matsuyama, Hiroshima, Fukuoka and Okinawa.

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