Tokyu Reit (Tokyu Reit) ROCE % : 3.95% (As of Jul. 2023)

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What is Tokyu Reit 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. Tokyu Reit's annualized ROCE % for the quarter that ended in Jul. 2023 was 3.95%.

Tokyu Reit ROCE % Historical Data

The historical data trend for Tokyu Reit'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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Tokyu Reit ROCE % Chart

Tokyu Reit Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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3.42

4.16

4.13

5.25

5.35

Tokyu Reit Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial															7.12	4.10	6.76	3.95	4.08

Tokyu Reit ROCE % Calculation

Tokyu Reit's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	84.55	/	( ( (1643.173 - 93.844)	+	(1713.216 - 99.774) )	/ 2 )
	=	84.55	/	( (1549.329	+	1613.442)	/ 2 )
	=	84.55	/	1581.3855
	=	5.35 %

Tokyu Reit's ROCE % of for the quarter that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2023 )		(Q: Jan. 2023 )		(Q: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2023 )		(Q: Jan. 2023 )		(Q: Jul. 2023 )
	=	66.186	/	( ( (1839.772 - 99.795)	+	(1713.216 - 99.774) )	/ 2 )
	=	66.186	/	( ( 1739.977	+	1613.442 )	/ 2 )
	=	66.186	/	1676.7095
	=	3.95 %

(1) Note: The EBIT data used here is two times the semi-annual (Jul. 2023) EBIT data.

Tokyu Reit (OTCPK:TKURF) 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.

Tokyu Reit ROCE % Related Terms

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Tokyu Reit (Tokyu Reit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tokyu Reit Inc (OTCPK:TKURF) » Definitions » ROCE %

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8957:Japan

Address

1-12-1, Dogenzaka, Tokyo, JPN

Website

http://www.tokyu-reit.co.jp

Tokyu Reit Inc is a Japanese real estate company. It is engaged in asset investment and management based on principles of growth, stability, and transparency. The company invests predominantly in retail and office properties located in Chiyoda, Chuo, Minato, Shinjuku and Shibuya wards. It also conducts replacement of properties and other measures as needed in order to maintain and improve the portfolio quality, aiming to enhance its asset value and increase net income per unit.

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