Food & Life (TSE:3563) ROCE % : 8.86% (As of Mar. 2024)

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What is Food & Life 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. Food & Life's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.86%.

Food & Life ROCE % Historical Data

The historical data trend for Food & Life'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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Food & Life ROCE % Chart

Food & Life Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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14.38

8.68

11.37

3.33

4.16

Food & Life Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.90	4.48	4.68	8.89	8.86

Food & Life ROCE % Calculation

Food & Life's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	11378	/	( ( (331982 - 54067)	+	(350682 - 81491) )	/ 2 )
	=	11378	/	( (277915	+	269191)	/ 2 )
	=	11378	/	273553
	=	4.16 %

Food & Life's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	25360	/	( ( (354645 - 67583)	+	(362227 - 77073) )	/ 2 )
	=	25360	/	( ( 287062	+	285154 )	/ 2 )
	=	25360	/	286108
	=	8.86 %

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

Food & Life (TSE:3563) 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.

Food & Life ROCE % Related Terms

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Food & Life (TSE:3563) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Food & Life Companies Ltd (TSE:3563) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SGLOF:USA 2G0:Germany

Address

1-22-2 Esaka-cho, Osaka Prefecture, Suita, JPN, 564-0063

Website

https://www.food-and-life.co.jp

Food & Life Companies Ltd owns and operates a revolving sushi-style restaurant chain. The company operates under the Sushiro brand. It has operations in Japan, Korea, Taiwan, Hong Kong, Singapore, and Thailand.

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