ROYAL HOLDINGS Co (TSE:8179) ROCE % : 7.86% (As of Mar. 2024)

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What is ROYAL 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. ROYAL HOLDINGS Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.86%.

ROYAL HOLDINGS Co ROCE % Historical Data

The historical data trend for ROYAL 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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ROYAL HOLDINGS Co ROCE % Chart

ROYAL HOLDINGS Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.68

-36.09

-2.04

4.31

5.53

ROYAL HOLDINGS Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.74	3.98	9.17	1.88	7.86

ROYAL HOLDINGS Co ROCE % Calculation

ROYAL HOLDINGS Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	5266	/	( ( (123570 - 30507)	+	(125869 - 28382) )	/ 2 )
	=	5266	/	( (93063	+	97487)	/ 2 )
	=	5266	/	95275
	=	5.53 %

ROYAL HOLDINGS Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	7864	/	( ( (125869 - 28382)	+	(130780 - 28242) )	/ 2 )
	=	7864	/	( ( 97487	+	102538 )	/ 2 )
	=	7864	/	100012.5
	=	7.86 %

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

ROYAL HOLDINGS Co (TSE:8179) 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.

ROYAL HOLDINGS Co ROCE % Related Terms

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ROYAL HOLDINGS Co (TSE:8179) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » ROYAL HOLDINGS Co Ltd (TSE:8179) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

8179:Japan

Address

3-28-5 Naka, Hakata-ku, Fukuoka, JPN, 812-0893

Website

https://www.royal-holdings.co.jp

ROYAL HOLDINGS Co Ltd operates five core businesses in Japan: Restaurants, Hotels, Contract Food Services, In-Flight Catering, and Food Manufacturing. Royal's Restaurants business operates various brands, including Royal Host, Tenya, Cowboy Family, Shakey's, Sizzler, Hananoki, Royal Garden Café, pinkberry, The Third Café, and Rose Bakery. The company's Hotel business operates Richmond Hotels. Contract Food Services provides food in airports, highway service areas, department stores, and convention centers. In-Flight Catering provides meals for dozens of airlines worldwide. The Food Manufacturing business has two central kitchens in Japan that serve the company's other businesses.

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