AXAS Holdings Co (TSE:3536) ROCE % : 1.29% (As of Feb. 2024)

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What is AXAS Holdings 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. AXAS Holdings Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 1.29%.

AXAS Holdings Co ROCE % Historical Data

The historical data trend for AXAS Holdings 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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AXAS Holdings Co ROCE % Chart

AXAS Holdings Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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1.83

9.28

5.80

5.78

1.67

AXAS Holdings 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															4.02	-1.73	-2.19	-2.36	1.29

AXAS Holdings Co ROCE % Calculation

AXAS Holdings Co's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	114.007	/	( ( (18914.328 - 12182.315)	+	(17594.38 - 10687.765) )	/ 2 )
	=	114.007	/	( (6732.013	+	6906.615)	/ 2 )
	=	114.007	/	6819.314
	=	1.67 %

AXAS Holdings 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 )
	=	99.804	/	( ( (18914.449 - 11150.336)	+	(17603.898 - 9953.22) )	/ 2 )
	=	99.804	/	( ( 7764.113	+	7650.678 )	/ 2 )
	=	99.804	/	7707.3955
	=	1.29 %

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

AXAS Holdings Co (TSE:3536) 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.

AXAS Holdings Co ROCE % Related Terms

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AXAS Holdings Co (TSE:3536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AXAS Holdings Co Ltd (TSE:3536) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-2 Yamashironishi, Tokushima, JPN, 770-8054

Website

http://www.axas.co.jp

AXAS Holdings Co Ltd is engaged in distribution of household and personal products. The products offered by the company include cosmetics, household goods, sports gear, alcoholic beverages, and pharmaceutical sales. The company is also engaged in import and export business of cosmetics and alcoholic beverages.

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