Olympic Group (TSE:8289) ROCE % : -2.16% (As of Nov. 2023)

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What is Olympic Group 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. Olympic Group's annualized ROCE % for the quarter that ended in Nov. 2023 was -2.16%.

Olympic Group ROCE % Historical Data

The historical data trend for Olympic Group'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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Olympic Group ROCE % Chart

Olympic Group Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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1.71

1.83

12.70

4.60

0.92

Olympic Group Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-2.38	2.90	2.13	2.60	-2.16

Olympic Group ROCE % Calculation

Olympic Group's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	342	/	( ( (64208 - 27932)	+	(64961 - 27060) )	/ 2 )
	=	342	/	( (36276	+	37901)	/ 2 )
	=	342	/	37088.5
	=	0.92 %

Olympic Group'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 )
	=	-852	/	( ( (66676 - 27475)	+	(67955 - 28096) )	/ 2 )
	=	-852	/	( ( 39201	+	39859 )	/ 2 )
	=	-852	/	39530
	=	-2.16 %

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

Olympic Group (TSE:8289) 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.

Olympic Group ROCE % Related Terms

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Olympic Group (TSE:8289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Olympic Group Corp (TSE:8289) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tokyo Honmachi 4-12-1, Kokubunji, JPN, 185-0012

Website

http://www.olympic-corp.co.jp

Olympic Group Corp is a Japan-based company, engages in the retail business. The company offers food, daily necessities, sports and leisure goods, pet supplies, shoes, clothing, DIY and gardening supplies; pet trimming and related products; footwear and related products; golf equipment; and car supplies. It also develops retail businesses such as specialty stores, discount stores, supermarkets, store development, and facility management businesses, as well as the production and wholesale of prepared foods.

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