HIDAY HIDAKA (TSE:7611) ROCE % : 19.15% (As of Nov. 2023)

View and export this data going back to 1999. Start your Free Trial

What is HIDAY HIDAKA 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. HIDAY HIDAKA's annualized ROCE % for the quarter that ended in Nov. 2023 was 19.15%.

HIDAY HIDAKA ROCE % Historical Data

The historical data trend for HIDAY HIDAKA'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.

* Premium members only.

HIDAY HIDAKA ROCE % Chart

HIDAY HIDAKA Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

Get a 7-Day Free Trial

15.20

-11.07

-14.97

2.54

18.01

HIDAY HIDAKA 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															7.61	19.71	18.60	19.15	15.00

HIDAY HIDAKA ROCE % Calculation

HIDAY HIDAKA'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 )
	=	4637.326	/	( ( (29181.385 - 4644.649)	+	(33264.645 - 6303.151) )	/ 2 )
	=	4637.326	/	( (24536.736	+	26961.494)	/ 2 )
	=	4637.326	/	25749.115
	=	18.01 %

HIDAY HIDAKA'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 )
	=	4965.32	/	( ( (31346.14 - 5505.227)	+	(32066.553 - 6040.93) )	/ 2 )
	=	4965.32	/	( ( 25840.913	+	26025.623 )	/ 2 )
	=	4965.32	/	25933.268
	=	19.15 %

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

HIDAY HIDAKA (TSE:7611) 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.

HIDAY HIDAKA ROCE % Related Terms

Thank you for viewing the detailed overview of HIDAY HIDAKA's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

HIDAY HIDAKA (TSE:7611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » HIDAY HIDAKA Corp (TSE:7611) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 6F, Saitama, JPN, 3-105

Website

http://www.hiday.co.jp

HIDAY HIDAKA Corp Is a Japan-based company principally engaged in the business of restaurant chains operation. It operates through its chain of Hidaka restaurants. The company through its stores in metropolitan areas, offers food menu which includes dishes like gyozo, ramen, Chinese rice, stir-fry dishes such as Mabo Tofu, dumplings and Chinese Donburu and other Chinese dishes. Ramen is the signboard menu of the company which is used along with soup, noodles, sliced chowder, Tonkotsu and chicken stock. Customers of the company range from students to businesspeople, late-shift workers, and seniors.

HIDAY HIDAKA (TSE:7611) Headlines

No Headlines