Kintetsu Department Store Co (TSE:8244) ROCE % : 20.73% (As of Feb. 2024)

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What is Kintetsu Department Store 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. Kintetsu Department Store Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 20.73%.

Kintetsu Department Store Co ROCE % Historical Data

The historical data trend for Kintetsu Department Store 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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Kintetsu Department Store Co ROCE % Chart

Kintetsu Department Store Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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8.03

-6.72

-1.98

4.98

9.52

Kintetsu Department Store 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															22.00	0.68	12.56	4.81	20.73

Kintetsu Department Store Co ROCE % Calculation

Kintetsu Department Store 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 )
	=	3944	/	( ( (118343 - 77484)	+	(115364 - 73380) )	/ 2 )
	=	3944	/	( (40859	+	41984)	/ 2 )
	=	3944	/	41421.5
	=	9.52 %

Kintetsu Department Store Co's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	8544	/	( ( (120738 - 80307)	+	(115364 - 73380) )	/ 2 )
	=	8544	/	( ( 40431	+	41984 )	/ 2 )
	=	8544	/	41207.5
	=	20.73 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

Kintetsu Department Store Co (TSE:8244) 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.

Kintetsu Department Store Co ROCE % Related Terms

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Kintetsu Department Store Co (TSE:8244) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kintetsu Department Store Co Ltd (TSE:8244) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-43 Abenosuji, Osaka, JPN

Website

http://www.d-kintetsu.co.jp

Kintetsu Department Store CO., Ltd. is principally engaged in operating department store business in the Kansai region of Japan. The company offers a broad range of merchandise, including apparel, cosmetics, medicine, jewelry, accessories, travel goods, household electric appliances, and other. Kintetsu Department Store provides complementary functions, including restaurants, coffee shops, and other services, like hotel delivery service, home delivery service, luggage storage, sightseeing information services, and other.

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