Mori Hills Reit Investment (TSE:3234) ROCE % : 3.47% (As of Jul. 2023)

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What is Mori Hills 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. Mori Hills Reit Investment's annualized ROCE % for the quarter that ended in Jul. 2023 was 3.47%.

Mori Hills Reit Investment ROCE % Historical Data

The historical data trend for Mori Hills 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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Mori Hills Reit Investment ROCE % Chart

Mori Hills Reit Investment Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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3.31

3.19

3.30

3.46

Mori Hills Reit Investment Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial															3.07	3.47	3.46	3.47	3.40

Mori Hills Reit Investment ROCE % Calculation

Mori Hills Reit Investment's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	13633.94	/	( ( (412892.878 - 17720.012)	+	(414888.123 - 21281.381) )	/ 2 )
	=	13633.94	/	( (395172.866	+	393606.742)	/ 2 )
	=	13633.94	/	394389.804
	=	3.46 %

Mori Hills 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 )
	=	13644.476	/	( ( (415261.418 - 23024.928)	+	(414888.123 - 21281.381) )	/ 2 )
	=	13644.476	/	( ( 392236.49	+	393606.742 )	/ 2 )
	=	13644.476	/	392921.616
	=	3.47 %

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

Mori Hills Reit Investment (TSE:3234) 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.

Mori Hills Reit Investment ROCE % Related Terms

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Mori Hills Reit Investment (TSE:3234) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mori Hills Reit Investment Corp (TSE:3234) » Definitions » ROCE %

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Address

12-32 Akasaka 1-chome, Minato-ku, Tokyo, JPN

Website

http://www.mori-hills-reit.co.jp

Mori Hills Reit Investment Corp is engaged in real estate investment, leasing, and management. The firm's primary objective is to secure steady growth in its portfolio and to maximize unitholders' value by making selective investments that mainly target areas and real estate properties. The company's real estate portfolio, as of the end of the twenty-first fiscal period, was comprised of ten properties. The company owns real estate primarily office buildings and residential and retail properties available for lease in Tokyo.

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