Kobe Bussan Co (TSE:3038) ROCE % : 19.74% (As of Jan. 2024)

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What is Kobe Bussan 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. Kobe Bussan Co's annualized ROCE % for the quarter that ended in Jan. 2024 was 19.74%.

Kobe Bussan Co ROCE % Historical Data

The historical data trend for Kobe Bussan 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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Kobe Bussan Co ROCE % Chart

Kobe Bussan Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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17.69

22.10

27.95

26.15

20.34

Kobe Bussan Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															6.22	30.57	24.90	18.27	19.74

Kobe Bussan Co ROCE % Calculation

Kobe Bussan Co's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	30014	/	( ( (180275 - 47987)	+	(211891 - 49057) )	/ 2 )
	=	30014	/	( (132288	+	162834)	/ 2 )
	=	30014	/	147561
	=	20.34 %

Kobe Bussan Co's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	32288	/	( ( (211891 - 49057)	+	(203479 - 39106) )	/ 2 )
	=	32288	/	( ( 162834	+	164373 )	/ 2 )
	=	32288	/	163603.5
	=	19.74 %

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

Kobe Bussan Co (TSE:3038) 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.

Kobe Bussan Co ROCE % Related Terms

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Kobe Bussan Co (TSE:3038) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Kobe Bussan Co Ltd (TSE:3038) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

59G:Germany

Address

883 Nakaishiki Inami-cho, Hyogo-ken, Kako-gun, JPN, 675-1127

Website

http://www.kobebussan.co.jp

Kobe Bussan Co.,Ltd. is a Japan-based company that operates through four business divisions. The Gyomu Super business, accounting for the majority of the company's revenue, is primarily in engaged in franchising supermarkets that provide merchandise produced at the company's own factories or imported from overseas. The Kobe Cook business operates through several formats, including Kobe Cook World Buffet stores, which are buffet-style restaurants; Green's K stores, which are small supermarkets offering ready-made meals; and Green's K Teppan Buffet stores, which are restaurants featuring a blend of buffet and self-cooking. The Kobe Cook Innoventure business is operated to promote restaurant business and offer food materials. The company also operates the Eco Renewable Energy business.

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