CVS Bay Area (TSE:2687) ROCE % : 12.52% (As of Nov. 2023)

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What is CVS Bay Area 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. CVS Bay Area's annualized ROCE % for the quarter that ended in Nov. 2023 was 12.52%.

CVS Bay Area ROCE % Historical Data

The historical data trend for CVS Bay Area'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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CVS Bay Area ROCE % Chart

CVS Bay Area Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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78.90

-3.41

-13.86

-11.08

0.64

CVS Bay Area Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															0.80	5.07	13.17	9.07	12.52

CVS Bay Area ROCE % Calculation

CVS Bay Area's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	38.36	/	( ( (9406.646 - 3178.196)	+	(8679.526 - 2917.577) )	/ 2 )
	=	38.36	/	( (6228.45	+	5761.949)	/ 2 )
	=	38.36	/	5995.1995
	=	0.64 %

CVS Bay Area's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	729.516	/	( ( (9343.279 - 3525.68)	+	(9825.655 - 3994.241) )	/ 2 )
	=	729.516	/	( ( 5817.599	+	5831.414 )	/ 2 )
	=	729.516	/	5824.5065
	=	12.52 %

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

CVS Bay Area (TSE:2687) 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.

CVS Bay Area ROCE % Related Terms

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CVS Bay Area (TSE:2687) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » CVS Bay Area Inc (TSE:2687) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-7-1 Nakase Mihama Ward, 26th floor, CVS Bay Area Building, Chiba, JPN, 261-0023

Website

http://www.cvs-bayarea.co.jp

CVS Bay Area Inc engaged in operating convenience store named Lawson and business hotel named Bay Hotel. The company is also engaged in mansion front business at condominiums and reception and office butler service for enterprise, and cleaning business.

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