Oriental Land Co (TSE:4661) ROCE % : 23.63% (As of Dec. 2023)

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What is Oriental Land 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. Oriental Land Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.63%.

Oriental Land Co ROCE % Historical Data

The historical data trend for Oriental Land 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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Oriental Land Co ROCE % Chart

Oriental Land Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.90

-7.37

1.27

10.98

15.45

Oriental Land 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															9.81	14.73	14.39	23.63	8.47

Oriental Land Co ROCE % Calculation

Oriental Land 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 )
	=	166355	/	( ( (1206419 - 161249)	+	(1355215 - 246981) )	/ 2 )
	=	166355	/	( (1045170	+	1108234)	/ 2 )
	=	166355	/	1076702
	=	15.45 %

Oriental Land 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 )
	=	259372	/	( ( (1265125 - 190386)	+	(1322807 - 202570) )	/ 2 )
	=	259372	/	( ( 1074739	+	1120237 )	/ 2 )
	=	259372	/	1097488
	=	23.63 %

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

Oriental Land Co (TSE:4661) 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.

Oriental Land Co ROCE % Related Terms

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Oriental Land Co (TSE:4661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Oriental Land Co Ltd (TSE:4661) » Definitions » ROCE %

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OLCLY:USA OLCLF:USA OLL:Germany

Address

1-1 Maihama, Chiba-Prefecture, Urayasu, JPN, 279-8511

Website

http://www.olc.co.jp

Oriental Land Co Ltd is a Japan-based company operates Tokyo Disney Resort. Segments in which the group functions include Theme Park, Hotel Business, and Other Business. Theme Park segment is engaged in the operation and management of Tokyo Disneyland and Tokyo DisneySea theme Parks. The Hotel segment operates and manages hotels such as Ambassador Hotel, Urayasu Brighton Hotel, Kyoto Brighton Hotel and others. In addition, it also operates shopping complex which composed of shops and restaurants as well as a cinema complex and offers monorail service around Tokyo Disney Resort. Oriental generates the majority of revenue through Theme Park segment.

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