Estelle Holdings Co (TSE:7872) ROCE % : 3.34% (As of Dec. 2023)

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What is Estelle Holdings 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. Estelle Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.34%.

Estelle Holdings Co ROCE % Historical Data

The historical data trend for Estelle Holdings 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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Estelle Holdings Co ROCE % Chart

Estelle Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.60

5.26

0.34

1.64

0.61

Estelle Holdings Co 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															3.09	0.10	-6.64	4.11	3.34

Estelle Holdings Co ROCE % Calculation

Estelle Holdings Co'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 )
	=	142	/	( ( (34576 - 11298)	+	(33841 - 10929) )	/ 2 )
	=	142	/	( (23278	+	22912)	/ 2 )
	=	142	/	23095
	=	0.61 %

Estelle Holdings Co'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 )
	=	768	/	( ( (34791 - 11250)	+	(33492 - 11099) )	/ 2 )
	=	768	/	( ( 23541	+	22393 )	/ 2 )
	=	768	/	22967
	=	3.34 %

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

Estelle Holdings Co (TSE:7872) 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.

Estelle Holdings Co ROCE % Related Terms

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Estelle Holdings Co (TSE:7872) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Estelle Holdings Co Ltd (TSE:7872) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Kamiyacho Central Place, 4-3-13 Toranomon, 5th Floor, Minato-ku, Tokyo, JPN, 105-0001

Website

https://www.estelle.co.jp

Estelle Holdings Co Ltd manufactures, processes and sells precious metals and gems. It offers rings, bracelets, piercing jewelry, earrings, and accessories and eyeglasses, among others. It operates chain of stores. It also engaged in the cosmetics business, accessory, clothing, and eye wear business.

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