Park24 Co (TSE:4666) ROCE % : 17.05% (As of Jan. 2024)

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What is Park24 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. Park24 Co's annualized ROCE % for the quarter that ended in Jan. 2024 was 17.05%.

Park24 Co ROCE % Historical Data

The historical data trend for Park24 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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Park24 Co ROCE % Chart

Park24 Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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9.11

-22.21

-3.15

8.78

14.37

Park24 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															11.30	15.74	20.47	9.22	17.05

Park24 Co ROCE % Calculation

Park24 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 )
	=	29545	/	( ( (307626 - 100687)	+	(308157 - 103922) )	/ 2 )
	=	29545	/	( (206939	+	204235)	/ 2 )
	=	29545	/	205587
	=	14.37 %

Park24 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 )
	=	35196	/	( ( (308157 - 103922)	+	(303638 - 94959) )	/ 2 )
	=	35196	/	( ( 204235	+	208679 )	/ 2 )
	=	35196	/	206457
	=	17.05 %

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

Park24 Co (TSE:4666) 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.

Park24 Co ROCE % Related Terms

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Park24 Co (TSE:4666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Park24 Co Ltd (TSE:4666) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PKCOY:USA 5FJ:Germany

Address

2-20-4 Nishigotanda, Shinagawa-ku, Tokyo, JPN, 141-8924

Website

https://www.park24.co.jp

Park24 Co Ltd is a Japanese operator of parking facilities. The company is organised into two segments: parking business Japan, Parking Business International and mobility business. The parking business, which contributes the majority of revenue, operates fully-automated parking facilities and related services. The Parking business in international segment provides Parking facility management in overseas. The mobility business car rental services through the Times Car RENTAL brand, car sharing services through the Times Car PLUS brand, and related services. While Park 24 operates in Japan, Taiwan, and South Korea, the company earns the majority of revenue domestically.

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