Daito Trust Construction Co (TSE:1878) ROCE % : 13.03% (As of Mar. 2024)

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What is Daito Trust Construction 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. Daito Trust Construction Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.03%.

Daito Trust Construction Co ROCE % Historical Data

The historical data trend for Daito Trust Construction 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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Daito Trust Construction Co ROCE % Chart

Daito Trust Construction Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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23.55

15.41

15.77

14.15

14.76

Daito Trust Construction 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															12.85	14.01	15.66	15.93	13.03

Daito Trust Construction Co ROCE % Calculation

Daito Trust Construction 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 )
	=	111048	/	( ( (1061909 - 310439)	+	(1080069 - 326941) )	/ 2 )
	=	111048	/	( (751470	+	753128)	/ 2 )
	=	111048	/	752299
	=	14.76 %

Daito Trust Construction Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	97064	/	( ( (1008329 - 271631)	+	(1080069 - 326941) )	/ 2 )
	=	97064	/	( ( 736698	+	753128 )	/ 2 )
	=	97064	/	744913
	=	13.03 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Daito Trust Construction Co (TSE:1878) 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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Daito Trust Construction Co (TSE:1878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Daito Trust Construction Co Ltd (TSE:1878) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DIFTY:USA 4D7:Germany

Address

2-16-1, Konan, Minato-ku, Tokyo, JPN, 108-8211

Website

http://www.kentaku.co.jp

Daito Trust Construction Co Ltd engages in the design and construction of apartments, condominiums, rental office buildings, factories, and warehouses. Additional activities include tenant recruiting, building maintenance, and contracting arrangements. A Lease Management Trust System sits at the center of Daito's operations. Under this system, business is divided between the construction business and the real estate business. The company plans and proposes building rental businesses to landowners, and then designs and constructs the contracted rental buildings. Daito also recruits tenants for its constructed rental buildings and provides property management and operation services for the buildings.

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