Taiheiyo Kouhatsu (TSE:8835) ROCE % : 5.01% (As of Dec. 2023)

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What is Taiheiyo Kouhatsu 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. Taiheiyo Kouhatsu's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.01%.

Taiheiyo Kouhatsu ROCE % Historical Data

The historical data trend for Taiheiyo Kouhatsu'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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Taiheiyo Kouhatsu ROCE % Chart

Taiheiyo Kouhatsu Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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2.27

3.05

3.39

2.87

4.63

Taiheiyo Kouhatsu 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															10.15	-3.51	3.66	4.74	5.01

Taiheiyo Kouhatsu ROCE % Calculation

Taiheiyo Kouhatsu's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	1376	/	( ( (44646 - 14922)	+	(45686 - 15916) )	/ 2 )
	=	1376	/	( (29724	+	29770)	/ 2 )
	=	1376	/	29747
	=	4.63 %

Taiheiyo Kouhatsu'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 )
	=	1476	/	( ( (48541 - 18833)	+	(48325 - 19092) )	/ 2 )
	=	1476	/	( ( 29708	+	29233 )	/ 2 )
	=	1476	/	29470.5
	=	5.01 %

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

Taiheiyo Kouhatsu (TSE:8835) 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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Taiheiyo Kouhatsu (TSE:8835) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Taiheiyo Kouhatsu Inc (TSE:8835) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Matai Building, 2-6-7, Motoasakusa, Taito-ku, Tokyo, JPN, 111-0041

Website

http://www.taiheiyo.net

Taiheiyo Kouhatsu Inc operates in the real estate and energy businesses in Japan. Taiheiyo Kouhatsu as a real estate developer takes comprehensive care of planning, site selection, design and surveillance, and sales of condominiums, residential land and detached houses. The energy business is involved in the sell of fuel oil and lubricating oil mainly for general industry and ships. It also sells gasoline, light oil and kerosene to franchised stores handling oil. In addition, it is engaged in the provision of nursing home services for seniors.

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