Yasuda Logistics (TSE:9324) ROCE % : 2.46% (As of Dec. 2023)

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What is Yasuda Logistics 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. Yasuda Logistics's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.46%.

Yasuda Logistics ROCE % Historical Data

The historical data trend for Yasuda Logistics'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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Yasuda Logistics ROCE % Chart

Yasuda Logistics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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4.09

4.10

3.62

3.24

2.87

Yasuda Logistics 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															2.36	2.40	2.41	3.17	2.46

Yasuda Logistics ROCE % Calculation

Yasuda Logistics'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 )
	=	4116	/	( ( (159082 - 15875)	+	(166005 - 22249) )	/ 2 )
	=	4116	/	( (143207	+	143756)	/ 2 )
	=	4116	/	143481.5
	=	2.87 %

Yasuda Logistics'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 )
	=	4216	/	( ( (183551 - 21273)	+	(200928 - 20019) )	/ 2 )
	=	4216	/	( ( 162278	+	180909 )	/ 2 )
	=	4216	/	171593.5
	=	2.46 %

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

Yasuda Logistics (TSE:9324) 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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Yasuda Logistics (TSE:9324) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Yasuda Logistics Corp (TSE:9324) » Definitions » ROCE %

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N/A

Address

3-3-8 Kaigan, Minato-ku, Tokyo, JPN, 108-8435

Website

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

Yasuda Logistics Corp engages in the business of transportation, logistics, warehousing, customs clearance, and logistics information system services. The firm provides delivery services and supply chain solutions; and integrated logistics solutions through distribution centers. It also offers medical logistics services comprising logistics for drugs, and medical equipment; and IT equipment logistics services, as well as archiving and office relocation services. In addition, it provides international transport services, such as ocean transportation, import/export customs clearance, air transportation, overseas logistics services. Further, firm's real estate operations comprise office and residential leasing services; re-development and renovation of hotels and commercial facilities.

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