Nippon Accommodations Fund (Nippon Accommodations Fund) ROCE % : 3.97% (As of Aug. 2023)

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What is Nippon Accommodations Fund 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. Nippon Accommodations Fund's annualized ROCE % for the quarter that ended in Aug. 2023 was 3.97%.

Nippon Accommodations Fund ROCE % Historical Data

The historical data trend for Nippon Accommodations Fund'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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Nippon Accommodations Fund ROCE % Chart

Nippon Accommodations Fund Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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4.25

3.84

3.63

3.43

3.88

Nippon Accommodations Fund Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial															3.75	3.53	3.91	3.97	3.91

Nippon Accommodations Fund ROCE % Calculation

Nippon Accommodations Fund's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	83.783	/	( ( (2427.989 - 218.609)	+	(2258.955 - 148.859) )	/ 2 )
	=	83.783	/	( (2209.38	+	2110.096)	/ 2 )
	=	83.783	/	2159.738
	=	3.88 %

Nippon Accommodations Fund's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	87.024	/	( ( (2458.613 - 180.272)	+	(2258.955 - 148.859) )	/ 2 )
	=	87.024	/	( ( 2278.341	+	2110.096 )	/ 2 )
	=	87.024	/	2194.2185
	=	3.97 %

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

Nippon Accommodations Fund (OTCPK:NIPPF) 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.

Nippon Accommodations Fund ROCE % Related Terms

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Nippon Accommodations Fund (Nippon Accommodations Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nippon Accommodations Fund Inc (OTCPK:NIPPF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

3226:Japan

Address

2-1-1 Nihonbashimuromachi, Chuo-ku, Tokyo, JPN, 103-0022

Website

http://www.naf-r.jp

Nippon Accommodations Fund Inc is a Japan-based real estate investment trust (REIT) company. It invests in accommodation properties mainly located in Metropolitan areas, as well as government-decreed regional hub cities. The company's investment property portfolio includes Okawabata Apartment Communities, Park Axis Toyosu, Shibaura Island Air Tower, Park Cube Meguro Tower, Park Cube Atagoyama Tower, Park Cube Higashi Shinagawa, amongst many others.

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