Chiyoda Co (TSE:8185) ROCE % : 7.52% (As of Nov. 2023)

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What is Chiyoda 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. Chiyoda Co's annualized ROCE % for the quarter that ended in Nov. 2023 was 7.52%.

Chiyoda Co ROCE % Historical Data

The historical data trend for Chiyoda 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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Chiyoda Co ROCE % Chart

Chiyoda Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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-2.52

-7.13

-4.14

-4.05

2.26

Chiyoda Co 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															-8.96	8.95	-3.23	7.52	-4.19

Chiyoda Co ROCE % Calculation

Chiyoda Co'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 )
	=	1447	/	( ( (87214 - 23569)	+	(84762 - 20268) )	/ 2 )
	=	1447	/	( (63645	+	64494)	/ 2 )
	=	1447	/	64069.5
	=	2.26 %

Chiyoda Co'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 )
	=	4840	/	( ( (83727 - 19852)	+	(86730 - 21948) )	/ 2 )
	=	4840	/	( ( 63875	+	64782 )	/ 2 )
	=	4840	/	64328.5
	=	7.52 %

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

Chiyoda Co (TSE:8185) 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.

Chiyoda Co ROCE % Related Terms

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Chiyoda Co (TSE:8185) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Chiyoda Co Ltd (TSE:8185) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-39-8 Narita-Higashi, Sunginami-ku, Tokyo, JPN, 166-8506

Website

http://www.chiyodagrp.co.jp

Chiyoda Co Ltd operates shoe and clothing retail stores in Japan. The shoe segment accounts for roughly three fourths of total company revenue. Chiyoda has more than 1,000 shoe stores, which sell both private-label and national brands and operate primarily under the names Shoe Plaza and Tokyo Shoes Retailing Center. Most of Chiyoda's shoe sales are in the athletic footwear, adult men's, and adult women's categories. The remaining sales are in the clothing segment, where the company operates nearly 500 stores, primarily under the Mac-House brand name.

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