ESCON Japan REIT Investment (TSE:2971) ROCE % : 3.46% (As of Jul. 2023)

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What is ESCON Japan REIT Investment 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. ESCON Japan REIT Investment's annualized ROCE % for the quarter that ended in Jul. 2023 was 3.46%.

ESCON Japan REIT Investment ROCE % Historical Data

The historical data trend for ESCON Japan REIT Investment'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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ESCON Japan REIT Investment ROCE % Chart

ESCON Japan REIT Investment Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

ROCE %

2.25

3.92

4.24

4.88

ESCON Japan REIT Investment Semi-Annual Data
	Oct17	Apr18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial								4.89	4.15	5.71	3.46	3.47

ESCON Japan REIT Investment ROCE % Calculation

ESCON Japan REIT Investment's annualized ROCE % for the fiscal year that ended in Jul. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2022 )		(A: Jul. 2021 )		(A: Jul. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2022 )		(A: Jul. 2021 )		(A: Jul. 2022 )
	=	2702.214	/	( ( (56061.549 - 10471.241)	+	(76014.351 - 10902.292) )	/ 2 )
	=	2702.214	/	( (45590.308	+	65112.059)	/ 2 )
	=	2702.214	/	55351.1835
	=	4.88 %

ESCON Japan REIT Investment'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 )
	=	2442.378	/	( ( (76300.452 - 5342.357)	+	(75595.352 - 5356.882) )	/ 2 )
	=	2442.378	/	( ( 70958.095	+	70238.47 )	/ 2 )
	=	2442.378	/	70598.2825
	=	3.46 %

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

ESCON Japan REIT Investment (TSE:2971) 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.

ESCON Japan REIT Investment ROCE % Related Terms

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ESCON Japan REIT Investment (TSE:2971) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » ESCON Japan REIT Investment Corp (TSE:2971) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Try Edge Ochanomizu Building, 12th Floor, 4-2-5 kandasurugadai, Chiyoda-ku, Tokyo, JPN, 101-0062

Website

https://www.esconam.jp

ESCON Japan REIT Investment Corp is a Japanese real estate investment trust which invests in commercial properties. Its main investment is leasehold land properties known as "sokochi," with stable, high-quality commercial facilities occupying the site.

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