Isetan Mitsukoshi Holdings (TSE:3099) ROCE % : 10.66% (As of Dec. 2023)

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What is Isetan Mitsukoshi Holdings 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. Isetan Mitsukoshi Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.66%.

Isetan Mitsukoshi Holdings ROCE % Historical Data

The historical data trend for Isetan Mitsukoshi Holdings'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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Isetan Mitsukoshi Holdings ROCE % Chart

Isetan Mitsukoshi Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.83

-0.16

-3.62

1.47

3.53

Isetan Mitsukoshi Holdings 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															7.95	-0.48	5.04	6.09	10.66

Isetan Mitsukoshi Holdings ROCE % Calculation

Isetan Mitsukoshi Holdings'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 )
	=	28603	/	( ( (1168574 - 359838)	+	(1217308 - 403709) )	/ 2 )
	=	28603	/	( (808736	+	813599)	/ 2 )
	=	28603	/	811167.5
	=	3.53 %

Isetan Mitsukoshi Holdings'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 )
	=	89752	/	( ( (1213769 - 377230)	+	(1271766 - 424353) )	/ 2 )
	=	89752	/	( ( 836539	+	847413 )	/ 2 )
	=	89752	/	841976
	=	10.66 %

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

Isetan Mitsukoshi Holdings (TSE:3099) 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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Isetan Mitsukoshi Holdings (TSE:3099) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Isetan Mitsukoshi Holdings Ltd (TSE:3099) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4HP:Germany

Address

5-16-10 Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0022

Website

https://www.imhds.co.jp

Isetan Mitsukoshi Holdings Ltd. is a Japan-based holding company. It is engaged in the management planning and management of subsidiaries and group companies engaged in the department store and other businesses as well as the handling of all related operations. The company has three flagship Stores, The Isetan Shinjuku Main Store which gives life to art, music, and future entertainment, The Mitsukoshi Nihombashi Main Store creates art and culture that appeal to a new segment of customers, and The Mitsukoshi Ginza Store which has refined itself to serve the needs of a global clientele.

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