Grandy House (TSE:8999) ROCE % : 1.82% (As of Dec. 2023)

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What is Grandy House 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. Grandy House's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.82%.

Grandy House ROCE % Historical Data

The historical data trend for Grandy House'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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Grandy House ROCE % Chart

Grandy House Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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13.60

9.10

9.77

11.63

7.98

Grandy House 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															6.99	6.53	2.31	2.91	1.82

Grandy House ROCE % Calculation

Grandy House'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 )
	=	3456.83	/	( ( (60901.976 - 22781.868)	+	(72645.313 - 24165.172) )	/ 2 )
	=	3456.83	/	( (38120.108	+	48480.141)	/ 2 )
	=	3456.83	/	43300.1245
	=	7.98 %

Grandy House'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 )
	=	867.82	/	( ( (73724.862 - 26091.453)	+	(75833.857 - 28220.205) )	/ 2 )
	=	867.82	/	( ( 47633.409	+	47613.652 )	/ 2 )
	=	867.82	/	47623.5305
	=	1.82 %

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

Grandy House (TSE:8999) 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.

Grandy House ROCE % Related Terms

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Grandy House (TSE:8999) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Grandy House Corp (TSE:8999) » Definitions » ROCE %

Comparable Companies

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N/A

Address

4-3-18, Odori, Tochigi Prefecture, UTSUNOMIYA, JPN, 3320-081

Website

https://www.grandy.co.jp

Grandy House Corp is a real estate company based in Japan. The company's three reportable segments are classified as Real Estate Sales, Construction Material Sales, and Real Estate Leasing. The Real Estate Sales business includes sales of new homes including building contract and sale of land and existing homes and home renovation. The Construction Material Sales business comprises of production and sale of pre-cut materials for housing and sale of construction materials and home facilities and equipment. In the Real Estate Leasing business, activities comprise the leasing of office, homes, related properties, and parking facilities.

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