Nisshin Group Holdings Co (TSE:8881) ROCE % : 0.68% (As of Dec. 2023)

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What is Nisshin Group 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. Nisshin Group Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.68%.

Nisshin Group Holdings Co ROCE % Historical Data

The historical data trend for Nisshin Group 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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Nisshin Group Holdings Co ROCE % Chart

Nisshin Group Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.89

6.68

6.58

5.30

4.20

Nisshin Group 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															19.65	-1.57	-0.35	0.68	17.65

Nisshin Group Holdings Co ROCE % Calculation

Nisshin Group Holdings 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 )
	=	3698.695	/	( ( (120933.049 - 37585.426)	+	(122054.822 - 29125.41) )	/ 2 )
	=	3698.695	/	( (83347.623	+	92929.412)	/ 2 )
	=	3698.695	/	88138.5175
	=	4.20 %

Nisshin Group 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 )
	=	590.844	/	( ( (116694.548 - 30116.941)	+	(118370.424 - 32239.226) )	/ 2 )
	=	590.844	/	( ( 86577.607	+	86131.198 )	/ 2 )
	=	590.844	/	86354.4025
	=	0.68 %

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

Nisshin Group Holdings Co (TSE:8881) 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.

Nisshin Group Holdings Co ROCE % Related Terms

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Nisshin Group Holdings Co (TSE:8881) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Nisshin Group Holdings Co Ltd (TSE:8881) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

5-8-1, Shinjuku, Tokyo, JPN, 160-8411

Website

http://www.nisshin-group.co.jp

Nisshin Group Holdings Co Ltd is a Japan-based company operating in the real estate sector. The company is primarily engaged in the planning, development, and sale of apartments. It sells apartments under the brand name Palais Stage and Duo stage. The company is also engaged in building and apartment rental work, renovation, second-hand property, new construction condominium and general real estate business. Nisshin Fudosan has properties located at Tokyo, Kanagawa, Saitama in Japan.

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