Fujita Kanko (TSE:9722) ROCE % : 12.48% (As of Mar. 2024)

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What is Fujita Kanko 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. Fujita Kanko's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.48%.

Fujita Kanko ROCE % Historical Data

The historical data trend for Fujita Kanko'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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Fujita Kanko ROCE % Chart

Fujita Kanko Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.02

-29.26

22.27

-7.16

10.57

Fujita Kanko 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															4.51	14.94	9.90	13.03	12.48

Fujita Kanko ROCE % Calculation

Fujita Kanko's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	7176	/	( ( (99962 - 27321)	+	(93496 - 30365) )	/ 2 )
	=	7176	/	( (72641	+	63131)	/ 2 )
	=	7176	/	67886
	=	10.57 %

Fujita Kanko's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	8176	/	( ( (93496 - 30365)	+	(96317 - 28469) )	/ 2 )
	=	8176	/	( ( 63131	+	67848 )	/ 2 )
	=	8176	/	65489.5
	=	12.48 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Fujita Kanko (TSE:9722) 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.

Fujita Kanko ROCE % Related Terms

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Fujita Kanko (TSE:9722) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fujita Kanko Inc (TSE:9722) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

2-10-8 Sekiguchi, Bunkyo-ku, Tokyo, JPN, 112-8664

Website

http://www.fujita-kanko.co.jp

Fujita Kanko Inc is a hospitality company in Japan and rest of Asia. It operates hotels, wedding and banquet facilities, restaurants, resorts, and leisure facilities. The company also provides management services for resorts and urban condominiums, and property management services for land to be used for building villas.

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