Hikari Heights-Varus Co (SSE:2137) ROCE % : 1.31% (As of Dec. 2023)

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What is Hikari Heights-Varus 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. Hikari Heights-Varus Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.31%.

Hikari Heights-Varus Co ROCE % Historical Data

The historical data trend for Hikari Heights-Varus 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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Hikari Heights-Varus Co ROCE % Chart

Hikari Heights-Varus Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.40

3.11

2.84

1.61

1.17

Hikari Heights-Varus 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															1.84	0.25	0.41	3.13	1.31

Hikari Heights-Varus Co ROCE % Calculation

Hikari Heights-Varus 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 )
	=	77.79	/	( ( (7485.932 - 962.376)	+	(7750.102 - 954.582) )	/ 2 )
	=	77.79	/	( (6523.556	+	6795.52)	/ 2 )
	=	77.79	/	6659.538
	=	1.17 %

Hikari Heights-Varus 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 )
	=	88.804	/	( ( (7746.159 - 984.829)	+	(7815.22 - 1003.581) )	/ 2 )
	=	88.804	/	( ( 6761.33	+	6811.639 )	/ 2 )
	=	88.804	/	6786.4845
	=	1.31 %

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

Hikari Heights-Varus Co (SSE:2137) 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.

Hikari Heights-Varus Co ROCE % Related Terms

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Hikari Heights-Varus Co (SSE:2137) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Hikari Heights-Varus Co Ltd (SSE:2137) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Southern 19th West 11th Street No. 1-15, Chuo-ku, Sapporo, JPN, 005-0013

Website

http://www.varus.co.jp

Hikari Heights-Varus Co Ltd is a Japanese firm engaged in operating senior homes. It operates nursing homes for the elderly. The Company provides rooms for healthy elderly as well as ones requiring assisted living.

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