Maxvalu Tokai Co (TSE:8198) ROCE % : 13.19% (As of Nov. 2023)

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What is Maxvalu Tokai 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. Maxvalu Tokai Co's annualized ROCE % for the quarter that ended in Nov. 2023 was 13.19%.

Maxvalu Tokai Co ROCE % Historical Data

The historical data trend for Maxvalu Tokai 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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Maxvalu Tokai Co ROCE % Chart

Maxvalu Tokai Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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8.02

10.96

12.67

11.92

14.79

Maxvalu Tokai 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															16.23	11.91	15.20	13.19	19.45

Maxvalu Tokai Co ROCE % Calculation

Maxvalu Tokai 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 )
	=	12764	/	( ( (119391 - 36296)	+	(133245 - 43752) )	/ 2 )
	=	12764	/	( (83095	+	89493)	/ 2 )
	=	12764	/	86294
	=	14.79 %

Maxvalu Tokai 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 )
	=	11304	/	( ( (130126 - 45241)	+	(131127 - 44546) )	/ 2 )
	=	11304	/	( ( 84885	+	86581 )	/ 2 )
	=	11304	/	85733
	=	13.19 %

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

Maxvalu Tokai Co (TSE:8198) 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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Maxvalu Tokai Co (TSE:8198) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Maxvalu Tokai Co Ltd (TSE:8198) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

303-1 Shimonagakubo, Nakaizumi-machi Sunto-gun, Shizuoka, JPN, 411-0934

Website

http://www.mv-tokai.com

Maxvalu Tokai Co Ltd is a Japan-based retail store company. It manages a chain of supermarkets centering food items such as fresh fruits and vegetables, fresh fish, side dishes among others. Services provided by the company include an online supermarket, home delivery service, resting place, pharmaceutical stores, discount service, among others. Maxvalu Tokai has stores located throughout Japan.

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