Goldcrest Co (TSE:8871) ROCE % : 2.69% (As of Dec. 2023)

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What is Goldcrest 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. Goldcrest Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.69%.

Goldcrest Co ROCE % Historical Data

The historical data trend for Goldcrest 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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Goldcrest Co ROCE % Chart

Goldcrest Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.96

4.02

6.61

6.06

3.45

Goldcrest Co 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															0.81	-0.46	1.53	2.69	10.99

Goldcrest Co ROCE % Calculation

Goldcrest Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	5801	/	( ( (189235 - 14107)	+	(203808 - 42392) )	/ 2 )
	=	5801	/	( (175128	+	161416)	/ 2 )
	=	5801	/	168272
	=	3.45 %

Goldcrest 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 )
	=	4232	/	( ( (188486 - 27625)	+	(186921 - 33646) )	/ 2 )
	=	4232	/	( ( 160861	+	153275 )	/ 2 )
	=	4232	/	157068
	=	2.69 %

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

Goldcrest Co (TSE:8871) 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.

Goldcrest Co ROCE % Related Terms

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Goldcrest Co (TSE:8871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Goldcrest Co Ltd (TSE:8871) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

2-1-1 Otemachi Chiyoda-ku, 12th floor, Otemachi Nomura Building, Tokyo, JPN, 100-0004

Website

http://www.goldcrest.co.jp

Goldcrest Co Ltd is a property development company. It is engaged in the development and sale of condominiums in and around the Tokyo Metropolitan Area. The Company operates in three business segments such as Real Estate Sales, Real Estate Leasing, and Others. The Real Estate Sales segment deals with the development and marketing of condominiums such as Crest City, Crest Form series and Crest Residence. The Real Estate Leasing segment involves with office building and apartment leasing activities. The others segment offers real estate management services.

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