Leo Palace21 (TSE:8848) ROCE % : 15.66% (As of Dec. 2023)

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What is Leo Palace21 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. Leo Palace21's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.66%.

Leo Palace21 ROCE % Historical Data

The historical data trend for Leo Palace21'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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Leo Palace21 ROCE % Chart

Leo Palace21 Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-33.13

-44.67

-20.46

15.59

7.57

Leo Palace21 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															14.70	-14.00	30.74	24.64	15.66

Leo Palace21 ROCE % Calculation

Leo Palace21'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 )
	=	7217	/	( ( (145430 - 59542)	+	(166548 - 61724) )	/ 2 )
	=	7217	/	( (85888	+	104824)	/ 2 )
	=	7217	/	95356
	=	7.57 %

Leo Palace21'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 )
	=	17500	/	( ( (170726 - 59480)	+	(170741 - 58527) )	/ 2 )
	=	17500	/	( ( 111246	+	112214 )	/ 2 )
	=	17500	/	111730
	=	15.66 %

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

Leo Palace21 (TSE:8848) 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.

Leo Palace21 ROCE % Related Terms

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Leo Palace21 (TSE:8848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Leo Palace21 Corp (TSE:8848) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MQI:Germany

Address

2-54-11 Honcho, Nakano-ku, Tokyo, JPN, 164-8622

Website

http://www.leopalace21.co.jp

Leo Palace21 Corp has two core businesses: Construction, which builds apartment buildings, and Leasing, which rents and manages units in the apartments that the company builds. Upon completion, Leo Palace21 typically sells buildings to investors and then pays them a fixed rental amount for all the units in the building, whether occupied or not. LeoPalace21 then rents, manages, and maintains the units and keeps all rent from tenants as its own revenue. The company also has an Elderly Care business, which runs nursing facilities, and a Hotel & Resort business. The vast majority of LeoPalace21's revenue comes from the Leasing segment, and more than 90% of the company's revenue is generated in Japan.

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