Tokyo Tatemono Co (TSE:8804) ROCE % : 6.52% (As of Dec. 2023)

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What is Tokyo Tatemono 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. Tokyo Tatemono Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.52%.

Tokyo Tatemono Co ROCE % Historical Data

The historical data trend for Tokyo Tatemono 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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Tokyo Tatemono Co ROCE % Chart

Tokyo Tatemono Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.32

4.19

4.42

4.65

4.75

Tokyo Tatemono Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															2.03	7.61	2.75	2.40	6.52

Tokyo Tatemono Co ROCE % Calculation

Tokyo Tatemono Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	75673	/	( ( (1720134 - 199461)	+	(1905309 - 240057) )	/ 2 )
	=	75673	/	( (1520673	+	1665252)	/ 2 )
	=	75673	/	1592962.5
	=	4.75 %

Tokyo Tatemono 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 )
	=	106012	/	( ( (1867664 - 280884)	+	(1905309 - 240057) )	/ 2 )
	=	106012	/	( ( 1586780	+	1665252 )	/ 2 )
	=	106012	/	1626016
	=	6.52 %

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

Tokyo Tatemono Co (TSE:8804) 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.

Tokyo Tatemono Co ROCE % Related Terms

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Tokyo Tatemono Co (TSE:8804) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tokyo Tatemono Co Ltd (TSE:8804) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

T6R:Germany

Address

9-9, Yaesu 1-chome, Chuo-ku, Tokyo, JPN, 103-8285

Website

http://www.tatemono.com

Tokyo Tatemono Co Ltd is operative in Japan's real estate sector through its associates. Its interest lies in residential and commercial property development and provision of real estate related solutions such as brokerage, leasing and handling real estate applications. The company relies on its two core business lines which are, residential and commercial property sales. Tokyo Tatemono's residential portfolio is comprised of the Brillia brand of properties that are offered for sale or on a rental basis. Its commercial properties are located in prime areas of cosmopolitan Japan.

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