KDX Realty Investment (TSE:8972) ROCE % : 3.54% (As of Apr. 2023)

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What is KDX Realty Investment 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. KDX Realty Investment's annualized ROCE % for the quarter that ended in Apr. 2023 was 3.54%.

KDX Realty Investment ROCE % Historical Data

The historical data trend for KDX Realty Investment'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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KDX Realty Investment ROCE % Chart

KDX Realty Investment Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

ROCE %

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3.42

3.32

3.65

3.46

3.31

KDX Realty Investment Semi-Annual Data
	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
ROCE %	Get a 7-Day Free Trial															3.72	3.18	3.39	3.25	3.54

KDX Realty Investment ROCE % Calculation

KDX Realty Investment's annualized ROCE % for the fiscal year that ended in Oct. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2022 )		(A: Oct. 2021 )		(A: Oct. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2022 )		(A: Oct. 2021 )		(A: Oct. 2022 )
	=	14476.854	/	( ( (456327.613 - 35219.575)	+	(473013.408 - 20087.373) )	/ 2 )
	=	14476.854	/	( (421108.038	+	452926.035)	/ 2 )
	=	14476.854	/	437017.0365
	=	3.31 %

KDX Realty Investment's ROCE % of for the quarter that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2023 )		(Q: Oct. 2022 )		(Q: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2023 )		(Q: Oct. 2022 )		(Q: Apr. 2023 )
	=	15939.062	/	( ( (473013.408 - 20087.373)	+	(474274.035 - 27766.031) )	/ 2 )
	=	15939.062	/	( ( 452926.035	+	446508.004 )	/ 2 )
	=	15939.062	/	449717.0195
	=	3.54 %

(1) Note: The EBIT data used here is two times the semi-annual (Apr. 2023) EBIT data.

KDX Realty Investment (TSE:8972) 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.

KDX Realty Investment ROCE % Related Terms

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KDX Realty Investment (TSE:8972) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » KDX Realty Investment Corp (TSE:8972) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

2-1-6 Uchisaiwaicho, Chiyoda-ku, Tokyo, JPN, 105-0004

Website

http://www.kdx-reit.com

KDX Realty Investment Corp is a Japan-based real estate investment trust. It is engaged in the business of investing in office and residential buildings. The company has around 100 properties, which include Mid-sized Office Buildings and other office building, central urban properties, residential properties, and others. The company owns properties in 5 Central wards of Tokyo, Tokyo Metropolitan area, and other regional areas.

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