AlbaLink Co (TSE:5537) ROCE % : 26.49% (As of Jun. 2023)

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What is AlbaLink 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. AlbaLink Co's annualized ROCE % for the quarter that ended in Jun. 2023 was 26.49%.

AlbaLink Co ROCE % Historical Data

The historical data trend for AlbaLink 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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AlbaLink Co ROCE % Chart

AlbaLink Co Annual Data

Trend

Dec21

Dec22

ROCE %

8.92

21.45

AlbaLink Co Semi-Annual Data
	Dec21	Dec22	Jun23
ROCE %	-	-	26.49

AlbaLink Co ROCE % Calculation

AlbaLink Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	166.766	/	( ( (652.718 - 158.101)	+	(1506.156 - 446.061) )	/ 2 )
	=	166.766	/	( (494.617	+	1060.095)	/ 2 )
	=	166.766	/	777.356
	=	21.45 %

AlbaLink Co's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	288.852	/	( ( (1506.156 - 446.061)	+	(1675.219 - 554.316) )	/ 2 )
	=	288.852	/	( ( 1060.095	+	1120.903 )	/ 2 )
	=	288.852	/	1090.499
	=	26.49 %

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

AlbaLink Co (TSE:5537) 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.

AlbaLink Co ROCE % Related Terms

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AlbaLink Co (TSE:5537) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AlbaLink Co Ltd (TSE:5537) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6F Lead Sea Monzen Nakacho Building, 2-11-18 Tomioka, Koto-ku, Tokyo, JPN, 135-0047

Website

https://www.albalink.co.jp

AlbaLink Co Ltd is engaged in resale business of used houses. It handle all types of real estate properties that are being considered for sale under various conditions.

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