Kyoritsu Maintenance Co (TSE:9616) ROCE % : 10.48% (As of Dec. 2023)

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What is Kyoritsu Maintenance 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. Kyoritsu Maintenance Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.48%.

Kyoritsu Maintenance Co ROCE % Historical Data

The historical data trend for Kyoritsu Maintenance 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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Kyoritsu Maintenance Co ROCE % Chart

Kyoritsu Maintenance Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.39

-8.60

1.05

3.52

8.77

Kyoritsu Maintenance Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.43	5.68	9.48	10.48	9.70

Kyoritsu Maintenance Co ROCE % Calculation

Kyoritsu Maintenance Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	17741	/	( ( (272308 - 67383)	+	(270921 - 71127) )	/ 2 )
	=	17741	/	( (204925	+	199794)	/ 2 )
	=	17741	/	202359.5
	=	8.77 %

Kyoritsu Maintenance 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 )
	=	20928	/	( ( (259692 - 59349)	+	(262831 - 63854) )	/ 2 )
	=	20928	/	( ( 200343	+	198977 )	/ 2 )
	=	20928	/	199660
	=	10.48 %

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

Kyoritsu Maintenance Co (TSE:9616) 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.

Kyoritsu Maintenance Co ROCE % Related Terms

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Kyoritsu Maintenance Co (TSE:9616) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kyoritsu Maintenance Co Ltd (TSE:9616) » Definitions » ROCE %

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Traded in Other Exchanges

648:Germany

Address

2-18-8 Soto-Kanda, Chiyoda-ku, Tokyo, JPN, 101-8621

Website

http://www.kyoritsugroup.co.jp

Kyoritsu Maintenance Co., Ltd. operates six business segments: dormitory business, hotel business, Contracted Services Business, Food Services Business, Construction Business and Other Business in Japan. The Dormitory business offers student dormitory, corporate dormitory, Domeal and consigned dormitory. Hotel business includes Resort Hotel named Dormy Inn. Contracted Services Business offers services including building management and building construction work. Other business segment includes senior life business which manages houses for the elderly and Public Kyoritsu Partnership business (PKP) which includes consigned services business provided to regional government bodies. The Company generates maximum revenue from dormitory business.

Kyoritsu Maintenance Co (TSE:9616) Headlines

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