Nagoya Railroad Co (TSE:9048) ROCE % : 6.75% (As of Dec. 2023)

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What is Nagoya Railroad 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. Nagoya Railroad Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.75%.

Nagoya Railroad Co ROCE % Historical Data

The historical data trend for Nagoya Railroad 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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Nagoya Railroad Co ROCE % Chart

Nagoya Railroad Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.69

5.67

-2.13

2.07

3.40

Nagoya Railroad Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															5.75	2.04	4.40	2.51	6.75

Nagoya Railroad Co ROCE % Calculation

Nagoya Railroad 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 )
	=	31453	/	( ( (1186897 - 264512)	+	(1231378 - 304067) )	/ 2 )
	=	31453	/	( (922385	+	927311)	/ 2 )
	=	31453	/	924848
	=	3.40 %

Nagoya Railroad 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 )
	=	64844	/	( ( (1237918 - 268705)	+	(1281218 - 328208) )	/ 2 )
	=	64844	/	( ( 969213	+	953010 )	/ 2 )
	=	64844	/	961111.5
	=	6.75 %

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

Nagoya Railroad Co (TSE:9048) 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.

Nagoya Railroad Co ROCE % Related Terms

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Nagoya Railroad Co (TSE:9048) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nagoya Railroad Co Ltd (TSE:9048) » Definitions » ROCE %

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Traded in Other Exchanges

9048:Japan

Address

1-2-4 Meieki, Nakamura-ku, Nagoya, JPN, 450-8501

Website

http://www.meitetsu.co.jp

Nagoya Railroad Co Ltd is a transportation company domiciled in Japan. The company organizes itself into six segments: traffic, transport, real estate, leisure and services, aviation services and distribution. Traffic, which contributes the most significant portion of revenue, operates railways, buses, and taxis. The transport segment operates trucking and maritime transport operations. The real estate segment develops and leases real estate. Leisure and services operate hotels, restaurants, and other tourist facilities. The distribution segment operates department stores.

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