Advance Residence Investment (TSE:3269) ROCE % : 3.96% (As of Jan. 2023)

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What is Advance Residence Investment 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. Advance Residence Investment's annualized ROCE % for the quarter that ended in Jan. 2023 was 3.96%.

Advance Residence Investment ROCE % Historical Data

The historical data trend for Advance Residence Investment'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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Advance Residence Investment ROCE % Chart

Advance Residence Investment Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

ROCE %

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3.71

3.78

3.73

3.95

3.83

Advance Residence Investment Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jan24
ROCE %	Get a 7-Day Free Trial															3.76	3.96	3.73	3.96	3.91

Advance Residence Investment ROCE % Calculation

Advance Residence Investment's annualized ROCE % for the fiscal year that ended in Jul. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2021 )		(A: Jul. 2020 )		(A: Jul. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2021 )		(A: Jul. 2020 )		(A: Jul. 2021 )
	=	16355.668	/	( ( (457568.755 - 30756.727)	+	(457829.38 - 29896.366) )	/ 2 )
	=	16355.668	/	( (426812.028	+	427933.014)	/ 2 )
	=	16355.668	/	427372.521
	=	3.83 %

Advance Residence Investment's ROCE % of for the quarter that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2023 )		(Q: Jul. 2022 )		(Q: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2023 )		(Q: Jul. 2022 )		(Q: Jan. 2023 )
	=	17516.268	/	( ( (464898.449 - 24417.133)	+	(469629.651 - 25206.834) )	/ 2 )
	=	17516.268	/	( ( 440481.316	+	444422.817 )	/ 2 )
	=	17516.268	/	442452.0665
	=	3.96 %

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

Advance Residence Investment (TSE:3269) 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.

Advance Residence Investment ROCE % Related Terms

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Advance Residence Investment (TSE:3269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Advance Residence Investment Corp (TSE:3269) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

3-26 Kanda-Nishikicho, Chiyoda Ward, Tokyo, JPN, 101-0054

Website

http://www.adr-reit.com

Advance Residence Investment Corp is a real estate investment trust that engaged in the property leasing business. It was created through consolidation type merger between the former Advance Residence Investment Corporation and Nippon Residential Investment Corporation. In order to secure stable earnings and steady growth in assets under management, the company procures funds through loans, issuance of investment corporation bonds, issuance of units, and other means of financing for purchasing real estate properties and repaying its debts. The company primarily invests in residential real estate properties located in central Tokyo, and the Tokyo metropolitan area.

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