Japan Metropolitan Fund Investment (TSE:8953) ROCE % : 3.01% (As of Aug. 2023)

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What is Japan Metropolitan Fund Investment 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. Japan Metropolitan Fund Investment's annualized ROCE % for the quarter that ended in Aug. 2023 was 3.01%.

Japan Metropolitan Fund Investment ROCE % Historical Data

The historical data trend for Japan Metropolitan Fund Investment'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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Japan Metropolitan Fund Investment ROCE % Chart

Japan Metropolitan Fund Investment Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

ROCE %

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3.29

3.25

3.32

2.85

3.07

Japan Metropolitan Fund Investment Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial															3.17	2.95	2.98	3.01	3.01

Japan Metropolitan Fund Investment ROCE % Calculation

Japan Metropolitan Fund Investment's annualized ROCE % for the fiscal year that ended in Aug. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2022 )		(A: Aug. 2021 )		(A: Aug. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2022 )		(A: Aug. 2021 )		(A: Aug. 2022 )
	=	35823.845	/	( ( (1235720.64 - 72598.893)	+	(1248964.047 - 75387.529) )	/ 2 )
	=	35823.845	/	( (1163121.747	+	1173576.518)	/ 2 )
	=	35823.845	/	1168349.1325
	=	3.07 %

Japan Metropolitan Fund Investment's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	35306.358	/	( ( (1249604.161 - 76953.578)	+	(1249926.145 - 78896.417) )	/ 2 )
	=	35306.358	/	( ( 1172650.583	+	1171029.728 )	/ 2 )
	=	35306.358	/	1171840.1555
	=	3.01 %

(1) Note: The EBIT data used here is two times the semi-annual (Aug. 2023) EBIT data.

Japan Metropolitan Fund Investment (TSE:8953) 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.

Japan Metropolitan Fund Investment ROCE % Related Terms

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Japan Metropolitan Fund Investment (TSE:8953) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Japan Metropolitan Fund Investment Corp (TSE:8953) » Definitions » ROCE %

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JRFIF:USA

Address

Marunouchi 2-chome, Tokyo Building 7-3, Chiyoda-ku, Tokyo, JPN, 100-6420

Website

https://www.jmf-reit.com

Japan Metropolitan Fund Investment Corp is a Japanese real estate investment trust that specialises in retail properties. The company principally generates revenue from leasing properties to tenants, which include supermarkets, clothing and accessory stores, cosmetic shops, general merchandise stores, and entertainment venues. The company's properties are located domestically in urban and suburban areas, with approximately half in the Greater Tokyo metropolitan area and the remaining in Osaka, Nagoya and surrounding areas, and other major cities.

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