ABC-Mart (TSE:2670) ROCE %

: 15.31% (As of Nov. 2023)

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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. ABC-Mart's annualized ROCE % for the quarter that ended in Nov. 2023 was 15.31%.

ABC-Mart ROCE % Historical Data

The historical data trend for ABC-Mart'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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ABC-Mart Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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16.21

10.50

9.12

14.26

17.47

ABC-Mart Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															17.02	22.17	16.37	15.31	16.57

ABC-Mart ROCE % Calculation

ABC-Mart's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	57266	/	( ( (355850 - 43613)	+	(387336 - 43972) )	/ 2 )
	=	57266	/	( (312237	+	343364)	/ 2 )
	=	57266	/	327800.5
	=	17.47 %

ABC-Mart's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	50728	/	( ( (373858 - 44540)	+	(384467 - 51072) )	/ 2 )
	=	50728	/	( ( 329318	+	333395 )	/ 2 )
	=	50728	/	331356.5
	=	15.31 %

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

ABC-Mart (TSE:2670) 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.

ABC-Mart ROCE % Related Terms

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ABC-Mart (TSE:2670) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » ABC-Mart Inc (TSE:2670) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5B8:Germany

Address

19F Shibuya Mark City West, located on registration No. 5, No. 11 1-chome, Shibuya-ku, Tokyo, JPN, 150-0041

Website

http://www.abc-mart.co.jp

ABC-Mart Inc is a retailer that focuses on shoes, primarily selling global third-party athletic and non-athletic shoe brands such as Nike, Adidas, Asics, New Balance, Rockport, Vans, Sketchers, and Timberland. The company also develops and manufactures shoes for brands that it licenses or owns, including Danner, LaCrosse, and White's Boots. Most of the company's sales are generated in Japan, where the vast majority of ABC-Mart's stores are located. Most other company stores are located in South Korea and Taiwan.

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