Angel Group (TSE:5534) ROCE % : 4.11% (As of Feb. 2023)

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What is Angel Group 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. Angel Group's annualized ROCE % for the quarter that ended in Feb. 2023 was 4.11%.

Angel Group ROCE % Historical Data

The historical data trend for Angel Group'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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Angel Group ROCE % Chart

Angel Group Annual Data

Trend

Aug21

Aug22

ROCE %

-0.44

2.94

Angel Group Semi-Annual Data
	Aug21	Aug22	Feb23
ROCE %	-	-	4.11

Angel Group ROCE % Calculation

Angel Group's annualized ROCE % for the fiscal year that ended in Aug. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2022 )		(A: Aug. 2021 )		(A: Aug. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2022 )		(A: Aug. 2021 )		(A: Aug. 2022 )
	=	450.991	/	( ( (17517.222 - 1755.72)	+	(16823.44 - 1898.255) )	/ 2 )
	=	450.991	/	( (15761.502	+	14925.185)	/ 2 )
	=	450.991	/	15343.3435
	=	2.94 %

Angel Group's ROCE % of for the quarter that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2023 )		(Q: Aug. 2022 )		(Q: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2023 )		(Q: Aug. 2022 )		(Q: Feb. 2023 )
	=	615.092	/	( ( (16823.44 - 1898.255)	+	(16677.189 - 1685.867) )	/ 2 )
	=	615.092	/	( ( 14925.185	+	14991.322 )	/ 2 )
	=	615.092	/	14958.2535
	=	4.11 %

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

Angel Group (TSE:5534) 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.

Angel Group ROCE % Related Terms

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Angel Group (TSE:5534) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Angel Group Inc (TSE:5534) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-15 Yuzawa,, Minamiuonumagun Yuzawamachi, Niigata, JPN, 949-6101

Website

https://www.angel.co.jp

Angel Group Inc engages in offering comprehensive business services including resort hotel Accommodation business, resort condominium management business, villa area management business, resort real estate sales brokerage business and other ancillary businesses.

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