Kitakei Co (TSE:9872) ROCE % : 7.46% (As of Feb. 2024)

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What is Kitakei 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. Kitakei Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 7.46%.

Kitakei Co ROCE % Historical Data

The historical data trend for Kitakei 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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Kitakei Co ROCE % Chart

Kitakei Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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7.23

8.60

7.17

7.42

8.87

Kitakei Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															6.26	7.45	6.24	15.62	7.46

Kitakei Co ROCE % Calculation

Kitakei Co's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	1249.66	/	( ( (28697.91 - 14908.711)	+	(29008.667 - 14634.339) )	/ 2 )
	=	1249.66	/	( (13789.199	+	14374.328)	/ 2 )
	=	1249.66	/	14081.7635
	=	8.87 %

Kitakei Co's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	1068.532	/	( ( (29008.667 - 14634.339)	+	(28379.17 - 14089.626) )	/ 2 )
	=	1068.532	/	( ( 14374.328	+	14289.544 )	/ 2 )
	=	1068.532	/	14331.936
	=	7.46 %

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

Kitakei Co (TSE:9872) 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.

Kitakei Co ROCE % Related Terms

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Kitakei Co (TSE:9872) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kitakei Co Ltd (TSE:9872) » Definitions » ROCE %

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Address

Minami-Honmachi, Chuo-ku, Ito Building 3-6-14, Osaka, JPN, 541-0054

Website

http://www.kitakei.jp

Kitakei Co., Ltd. is a trading company, selling housing materials and equipment in Japan. It provides interior products, including floor, wall, roofing, frame, and building materials; interior doors; stairs, hand railings, and counters; entryway, wall, and closet boxes and storage products; tiles, bricks, and rock/stone materials; and Japanese style housing materials. The company also offers fixtures and fittings, such as kitchen, bath, sink bowl, sink vanity, and toilet products; hot water heaters and electrical water heater among other products.

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