Kohnan Shoji Co (TSE:7516) ROCE % : 5.64% (As of Nov. 2023)

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What is Kohnan Shoji 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. Kohnan Shoji Co's annualized ROCE % for the quarter that ended in Nov. 2023 was 5.64%.

Kohnan Shoji Co ROCE % Historical Data

The historical data trend for Kohnan Shoji 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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Kohnan Shoji Co ROCE % Chart

Kohnan Shoji Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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7.38

10.25

8.66

7.23

7.29

Kohnan Shoji Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															4.83	10.58	9.53	5.64	3.14

Kohnan Shoji Co ROCE % Calculation

Kohnan Shoji Co's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	23224	/	( ( (419249 - 115553)	+	(458557 - 125032) )	/ 2 )
	=	23224	/	( (303696	+	333525)	/ 2 )
	=	23224	/	318610.5
	=	7.29 %

Kohnan Shoji Co's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	18692	/	( ( (458457 - 134743)	+	(463440 - 123918) )	/ 2 )
	=	18692	/	( ( 323714	+	339522 )	/ 2 )
	=	18692	/	331618
	=	5.64 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2023) EBIT data.

Kohnan Shoji Co (TSE:7516) 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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Kohnan Shoji Co (TSE:7516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kohnan Shoji Co Ltd (TSE:7516) » Definitions » ROCE %

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Address

2-2-17 Nishimiyahara, Yodogawa-ku, Osaka, JPN, 532-0004

Website

http://www.hc-kohnan.com

Kohnan Shoji Co Ltd is a Japan-based company that is principally engaged in retail of products related to home improvement, housekeeping, and automotive supplies and accessories. The company operates through three store chains with different styles: Home Center, mainly offering DIY products and household goods to improve consumers' home and life; Homestock, a small-format version of Home Center with original brands EDLP and Lifelex; and Kohnan Pro, providing tools, building materials, and working equipment for professionals. Most of the company's stores are Home Center stores.

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