Futonmaki Jiro (TSE:9167) ROCE % : 7.39% (As of Dec. 2022)

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What is Futonmaki Jiro 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. Futonmaki Jiro's annualized ROCE % for the quarter that ended in Dec. 2022 was 7.39%.

Futonmaki Jiro ROCE % Historical Data

The historical data trend for Futonmaki Jiro'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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Futonmaki Jiro ROCE % Chart

Futonmaki Jiro Annual Data

Trend

Dec21

Dec22

ROCE %

1.29

7.39

Futonmaki Jiro Semi-Annual Data
	Dec21	Dec22
ROCE %	1.29	7.39

Futonmaki Jiro ROCE % Calculation

Futonmaki Jiro's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	73.234	/	( ( (1316.118 - 426.422)	+	(1475.676 - 383.963) )	/ 2 )
	=	73.234	/	( (889.696	+	1091.713)	/ 2 )
	=	73.234	/	990.7045
	=	7.39 %

Futonmaki Jiro's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	73.234	/	( ( (1316.118 - 426.422)	+	(1475.676 - 383.963) )	/ 2 )
	=	73.234	/	( ( 889.696	+	1091.713 )	/ 2 )
	=	73.234	/	990.7045
	=	7.39 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

Futonmaki Jiro (TSE:9167) 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.

Futonmaki Jiro ROCE % Related Terms

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Futonmaki Jiro (TSE:9167) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Futonmaki Jiro Inc (TSE:9167) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3014-3 Uetomatsuricho, Uetomatsuri Building A 2nd floor, Tochigi, Utsunomiya, JPN, 320-0051

Website

https://futonmaki.jp

Futonmaki Jiro Inc is engaged in providing laundry services for household futon mattresses, Blankets, Sheet covers, Pillow, etc. It operates in Laundromat stores under the Futonmaki-no-Jiro brand.

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