Ichiyoshi Securities Co (TSE:8624) ROCE % : 5.08% (As of Dec. 2023)

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What is Ichiyoshi Securities 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. Ichiyoshi Securities Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.08%.

Ichiyoshi Securities Co ROCE % Historical Data

The historical data trend for Ichiyoshi Securities 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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Ichiyoshi Securities Co ROCE % Chart

Ichiyoshi Securities Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.69

-1.69

4.30

11.09

3.98

Ichiyoshi Securities Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															3.59	2.38	8.89	8.49	5.08

Ichiyoshi Securities Co ROCE % Calculation

Ichiyoshi Securities Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	1166	/	( ( (47935 - 17516)	+	(42670 - 14501) )	/ 2 )
	=	1166	/	( (30419	+	28169)	/ 2 )
	=	1166	/	29294
	=	3.98 %

Ichiyoshi Securities 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 )
	=	1440	/	( ( (48044 - 19557)	+	(47025 - 18854) )	/ 2 )
	=	1440	/	( ( 28487	+	28171 )	/ 2 )
	=	1440	/	28329
	=	5.08 %

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

Ichiyoshi Securities Co (TSE:8624) 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.

Ichiyoshi Securities Co ROCE % Related Terms

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Ichiyoshi Securities Co (TSE:8624) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ichiyoshi Securities Co Ltd (TSE:8624) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

2-14-1 Hatchobori, Chuo-ku, Tokyo, JPN

Website

http://www.ichiyoshi.co.jp

Ichiyoshi Securities Co Ltd is a Japan-based securities company engaged in the provision of investment and other financial services. Principally, it is involved in the purchase, underwriting, offerings, and agency brokerage of securities, as well as the private offering of securities. Additionally, it is also into leasing, brokerage, and management of real estate and many more.

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