Heiwa Real Estate Co (TSE:8803) ROCE % : 1.93% (As of Dec. 2023)

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What is Heiwa Real Estate 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. Heiwa Real Estate Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.93%.

Heiwa Real Estate Co ROCE % Historical Data

The historical data trend for Heiwa Real Estate 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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Heiwa Real Estate Co ROCE % Chart

Heiwa Real Estate Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.63

3.52

4.08

4.16

3.80

Heiwa Real Estate Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.86	8.51	2.98	1.93	1.82

Heiwa Real Estate Co ROCE % Calculation

Heiwa Real Estate Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	14073	/	( ( (398333 - 34543)	+	(405979 - 29052) )	/ 2 )
	=	14073	/	( (363790	+	376927)	/ 2 )
	=	14073	/	370358.5
	=	3.80 %

Heiwa Real Estate Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	7184	/	( ( (404700 - 31618)	+	(400466 - 30923) )	/ 2 )
	=	7184	/	( ( 373082	+	369543 )	/ 2 )
	=	7184	/	371312.5
	=	1.93 %

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

Heiwa Real Estate Co (TSE:8803) 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.

Heiwa Real Estate Co ROCE % Related Terms

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Heiwa Real Estate Co (TSE:8803) Business Description

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HZJ:Germany

Address

1-10, Nihonbashi Kabuto-cho, Chuo-ku, Tokyo, JPN, 103-8222

Website

http://www.heiwa-net.co.jp

Heiwa Real Estate Co Ltd is primarily engaged in the leasing and development of real estate properties. The company's operates three reporting segments. The leasing business consists of ownership, leasing, management, and operation of stock exchanges, offices, commercial facilities, housing, conference venues, restaurants, and others. The real estate solutions segment consists of the development, operation and management of income property; the development and sale of houses; and the brokerage of real estate. The other businesses segment manages and renovates buildings and also operates an insurance agency and a private nursing-home business.

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