Creal (TSE:2998) ROCE % : 13.55% (As of Dec. 2023)

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What is Creal 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. Creal's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.55%.

Creal ROCE % Historical Data

The historical data trend for Creal'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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Creal ROCE % Chart

Creal Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

25.57

13.45

18.22

16.71

Creal Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial						3.93	1.21	25.56	16.99	13.55

Creal ROCE % Calculation

Creal's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	539.956	/	( ( (10926.264 - 9482.308)	+	(21492.033 - 16472.144) )	/ 2 )
	=	539.956	/	( (1443.956	+	5019.889)	/ 2 )
	=	539.956	/	3231.9225
	=	16.71 %

Creal's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	611.052	/	( ( (26693.867 - 22280.992)	+	(30233.488 - 25624.055) )	/ 2 )
	=	611.052	/	( ( 4412.875	+	4609.433 )	/ 2 )
	=	611.052	/	4511.154
	=	13.55 %

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

Creal (TSE:2998) 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.

Creal ROCE % Related Terms

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Creal (TSE:2998) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Creal Inc (TSE:2998) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-13-2 Higashiueno, Taito-ku, Creal Ueno, Tokyo, JPN, 110-0015

Website

https://corp.creal.jp

Creal Inc is an investment and asset management platform operator, operating real estate funds on-line market and asset management for individual and institutional investors.

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