NIPPON REIT Investment (TSE:3296) ROCE % : 3.47% (As of Dec. 2023)

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What is NIPPON REIT Investment 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. NIPPON REIT Investment's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.47%.

NIPPON REIT Investment ROCE % Historical Data

The historical data trend for NIPPON REIT Investment'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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NIPPON REIT Investment ROCE % Chart

NIPPON REIT Investment Annual Data

Trend

Jun13

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec23

ROCE %

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3.49

3.70

4.11

4.24

NIPPON REIT Investment Semi-Annual Data
	Jun13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec23
ROCE %	Get a 7-Day Free Trial														4.62	4.06	4.42	3.35	3.47

NIPPON REIT Investment ROCE % Calculation

NIPPON REIT Investment'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. 2021 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2021 )		(A: Dec. 2023 )
	=	0	/	( ( (276577.439 - 13847.261)	+	(275462.457 - 20778.589) )	/ 2 )
	=	0	/	( (262730.178	+	254683.868)	/ 2 )
	=	0	/	258707.023
	=	0.00 %

NIPPON REIT Investment'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: Jun. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2022 )		(Q: Dec. 2023 )
	=	8862.798	/	( ( (274895.539 - 18833.187)	+	(275462.457 - 20778.589) )	/ 2 )
	=	8862.798	/	( ( 256062.352	+	254683.868 )	/ 2 )
	=	8862.798	/	255373.11
	=	3.47 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

NIPPON REIT Investment (TSE:3296) 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.

NIPPON REIT Investment ROCE % Related Terms

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NIPPON REIT Investment (TSE:3296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NIPPON REIT Investment Corp (TSE:3296) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 17 No. 18 Shinkawa, Chuo-ku, Tokyo-chome, JPN

Website

http://www.nippon-reit.com

NIPPON REIT Investment Corp is engaged in the property leasing business. The company manages assets by investing the funds paid in by the unitholders primarily in real estate-related assets. The company develops a portfolio of properties focused on income growth and stability, aiming to maximize unitholder value.

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