Broad-Minded Co (TSE:7343) ROCE % : 19.18% (As of Dec. 2023)

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What is Broad-Minded 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. Broad-Minded Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.18%.

Broad-Minded Co ROCE % Historical Data

The historical data trend for Broad-Minded 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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Broad-Minded Co ROCE % Chart

Broad-Minded Co Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

30.58

15.32

18.35

17.61

22.71

Broad-Minded Co Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial										31.89	12.62	17.91	11.43	19.18

Broad-Minded Co ROCE % Calculation

Broad-Minded Co'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 )
	=	758.643	/	( ( (4064.318 - 948.428)	+	(4626.882 - 1062.752) )	/ 2 )
	=	758.643	/	( (3115.89	+	3564.13)	/ 2 )
	=	758.643	/	3340.01
	=	22.71 %

Broad-Minded Co'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 )
	=	703.776	/	( ( (4544.716 - 925.591)	+	(4648.237 - 927.641) )	/ 2 )
	=	703.776	/	( ( 3619.125	+	3720.596 )	/ 2 )
	=	703.776	/	3669.8605
	=	19.18 %

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

Broad-Minded Co (TSE:7343) 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.

Broad-Minded Co ROCE % Related Terms

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Broad-Minded Co (TSE:7343) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Broad-Minded Co Ltd (TSE:7343) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-5-5 Ebisuminami, Shibuya-ku, Tokyo, JPN, 150?0022

Website

https://www.b-minded.com

Broad-Minded Co Ltd is engaged in providing one-stop solutions for individuals and corporations in the Life insurance / non-life insurance / small amount short-term insurance agency business, housing loan agency business, financial instruments intermediary service, and real estate transaction business.

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