Kanagawa Chuo Kotsu Co (TSE:9081) ROCE % : 8.10% (As of Dec. 2023)

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What is Kanagawa Chuo Kotsu 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. Kanagawa Chuo Kotsu Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.10%.

Kanagawa Chuo Kotsu Co ROCE % Historical Data

The historical data trend for Kanagawa Chuo Kotsu 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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Kanagawa Chuo Kotsu Co ROCE % Chart

Kanagawa Chuo Kotsu Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.30

4.65

-5.59

2.70

2.94

Kanagawa Chuo Kotsu 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															6.00	-4.62	7.54	6.78	8.10

Kanagawa Chuo Kotsu Co ROCE % Calculation

Kanagawa Chuo Kotsu 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 )
	=	3267	/	( ( (146906 - 32047)	+	(150568 - 43452) )	/ 2 )
	=	3267	/	( (114859	+	107116)	/ 2 )
	=	3267	/	110987.5
	=	2.94 %

Kanagawa Chuo Kotsu 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 )
	=	8860	/	( ( (154767 - 42752)	+	(156040 - 49327) )	/ 2 )
	=	8860	/	( ( 112015	+	106713 )	/ 2 )
	=	8860	/	109364
	=	8.10 %

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

Kanagawa Chuo Kotsu Co (TSE:9081) 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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Kanagawa Chuo Kotsu Co (TSE:9081) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kanagawa Chuo Kotsu Co Ltd (TSE:9081) » Definitions » ROCE %

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Address

6-18 Yaezaki-cho, Kanagawa, JPN

Website

http://www.kanachu.co.jp

Kanagawa Chuo Kotsu Co Ltd is a Japan-based company engaged in the business of passenger car transportation, real estate, food and entertainment, and hotel. Primarily, it is mainly involved in providing transportation through its bus business. The company renders services such as vehicles for share-ride, rent, and sale, and leasing of real estate properties. In addition, it also offers amusement, hotel facilities, movies and many more.

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