IDOM (TSE:7599) ROCE % : 14.94% (As of Nov. 2023)

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What is IDOM 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. IDOM's annualized ROCE % for the quarter that ended in Nov. 2023 was 14.94%.

IDOM ROCE % Historical Data

The historical data trend for IDOM'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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IDOM ROCE % Chart

IDOM Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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4.40

4.33

12.90

16.25

13.94

IDOM Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															15.69	10.69	16.57	14.94	18.78

IDOM ROCE % Calculation

IDOM's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	16014	/	( ( (173293 - 64165)	+	(184031 - 63327) )	/ 2 )
	=	16014	/	( (109128	+	120704)	/ 2 )
	=	16014	/	114916
	=	13.94 %

IDOM's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	15088	/	( ( (161943 - 61543)	+	(164490 - 62905) )	/ 2 )
	=	15088	/	( ( 100400	+	101585 )	/ 2 )
	=	15088	/	100992.5
	=	14.94 %

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

IDOM (TSE:7599) 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.

IDOM ROCE % Related Terms

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IDOM (TSE:7599) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » IDOM Inc (TSE:7599) » Definitions » ROCE %

Comparable Companies

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N/A

Address

Tokyo Building 25th Floor, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6425

Website

http://www.glv.co.jp

IDOM Inc is principally engaged in buying and selling of used cars throughout Japan. The company's business activities include automobile purchase business, car sales business and other business related to automobile distribution. It purchases pre-owned cars from the general customers and then sells it to corporate clients, franchisees and other general customers through nationwide auctions. The group's subsidiaries are engaged in auto loan service and insurance agency service.

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