Odakyu Electric Railway Co (TSE:9007) ROCE % : 4.03% (As of Dec. 2023)

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What is Odakyu Electric Railway 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. Odakyu Electric Railway Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.03%.

Odakyu Electric Railway Co ROCE % Historical Data

The historical data trend for Odakyu Electric Railway 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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Odakyu Electric Railway Co ROCE % Chart

Odakyu Electric Railway Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.56

4.40

-3.70

2.90

6.86

Odakyu Electric Railway 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															2.63	17.93	7.29	10.44	4.03

Odakyu Electric Railway Co ROCE % Calculation

Odakyu Electric Railway Co'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 )
	=	63282	/	( ( (1285230 - 340182)	+	(1279976 - 378938) )	/ 2 )
	=	63282	/	( (945048	+	901038)	/ 2 )
	=	63282	/	923043
	=	6.86 %

Odakyu Electric Railway 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 )
	=	34504	/	( ( (1293013 - 429862)	+	(1276476 - 428718) )	/ 2 )
	=	34504	/	( ( 863151	+	847758 )	/ 2 )
	=	34504	/	855454.5
	=	4.03 %

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

Odakyu Electric Railway Co (TSE:9007) 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.

Odakyu Electric Railway Co ROCE % Related Terms

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Odakyu Electric Railway Co (TSE:9007) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Odakyu Electric Railway Co Ltd (TSE:9007) » Definitions » ROCE %

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ODERF:USA

Address

1-8-3 Nishishinjuku Shinjuku-ku, Tokyo, JPN, 160-8309

Website

http://www.odakyu.jp

Odakyu Electric Railway Co Ltd is a Japanese company which provides transportation services. The company has three reportable segments namely Transportation, Merchandising and Real Estate. The Transportation segment provides services through railway, bus, taxi, sightseeing boat, and ropeway. Merchandising segment operates departmental stores and supermarket. Real Estate segment is engaged in the sale of land and buildings, leasing of buildings and others. The company also offers services including hotel, restaurant, travel agent, golf course, railway maintenance service, building management and maintenance, advertising agency, horticulture and gardening, bookkeeping service, insurance agency, nursing and child care. The majority of the company's revenue comes from transportation business.

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