Sumitomo Warehouse Co (TSE:9303) ROCE % : 6.22% (As of Dec. 2023)

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What is Sumitomo Warehouse 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. Sumitomo Warehouse Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.22%.

Sumitomo Warehouse Co ROCE % Historical Data

The historical data trend for Sumitomo Warehouse 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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Sumitomo Warehouse Co ROCE % Chart

Sumitomo Warehouse Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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4.04

5.22

4.79

9.80

12.57

Sumitomo Warehouse 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															8.13	9.82	6.18	3.59	6.22

Sumitomo Warehouse Co ROCE % Calculation

Sumitomo Warehouse 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 )
	=	41494	/	( ( (373720 - 48297)	+	(385791 - 50794) )	/ 2 )
	=	41494	/	( (325423	+	334997)	/ 2 )
	=	41494	/	330210
	=	12.57 %

Sumitomo Warehouse 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 )
	=	22648	/	( ( (405166 - 41654)	+	(405796 - 40502) )	/ 2 )
	=	22648	/	( ( 363512	+	365294 )	/ 2 )
	=	22648	/	364403
	=	6.22 %

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

Sumitomo Warehouse Co (TSE:9303) 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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Sumitomo Warehouse Co (TSE:9303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sumitomo Warehouse Co Ltd (TSE:9303) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Nakanoshima 3-chome 2-18, Sumitomo Nakanoshima Building, Kita-ku, Osaka, JPN, 530-0005

Website

http://www.sumitomo-soko.co.jp

Sumitomo Warehouse Co Ltd is a logistics company domiciled in Japan. The company organises itself into three segments: logistics, shipping, and real estate. The logistics segment, which generates the majority of revenue, provides warehousing, transports cargo by air and land, and provides harbour transportation. Shipping, which generates the next largest portion of revenue, includes vessel operations to transport goods by sea. The real estate segment leases and sells real estate. The company derives the majority of income domestically.

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