Fuyo General Lease Co (TSE:8424) ROCE % : 4.78% (As of Dec. 2023)

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What is Fuyo General Lease 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. Fuyo General Lease Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.78%.

Fuyo General Lease Co ROCE % Historical Data

The historical data trend for Fuyo General Lease 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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Fuyo General Lease Co ROCE % Chart

Fuyo General Lease Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.47

3.57

3.63

3.73

3.77

Fuyo General Lease 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															3.10	3.42	4.45	4.78	2.62

Fuyo General Lease Co ROCE % Calculation

Fuyo General Lease Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	68672	/	( ( (3149740 - 1479030)	+	(3390324 - 1421313) )	/ 2 )
	=	68672	/	( (1670710	+	1969011)	/ 2 )
	=	68672	/	1819860.5
	=	3.77 %

Fuyo General Lease 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 )
	=	87768	/	( ( (3271619 - 1444590)	+	(3358188 - 1516001) )	/ 2 )
	=	87768	/	( ( 1827029	+	1842187 )	/ 2 )
	=	87768	/	1834608
	=	4.78 %

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

Fuyo General Lease Co (TSE:8424) 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.

Fuyo General Lease Co ROCE % Related Terms

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Fuyo General Lease Co (TSE:8424) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Fuyo General Lease Co Ltd (TSE:8424) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FXL:Germany

Address

Nichirei Building, 3-3-23, Misaki-cho, Chiyoda-ku, Tokyo, JPN, 1018380

Website

http://www.fgl.co.jp

Fuyo General Lease Co Ltd is Japanese company which is engaged in leasing and installment transactions for machinery and equipment and financial transactions such as the provision of operating loans. The company focuses on using direct and indirect financing to procure funds for purchasing assets to lease or to sell through installment sales and for providing operating loans to customers. It has three reportable segments namely Lease and Installment Sales segment conducts leasing office equipment, industrial machinery and sells commercial equipment, production facilities, medical devices, and other assets on an installment basis; Loans segment which is engaged in commercial lending; and Other segment which invests in marketable securities.

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