Invincible Investment (TSE:8963) ROCE % : 5.66% (As of Jun. 2023)

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What is Invincible 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. Invincible Investment's annualized ROCE % for the quarter that ended in Jun. 2023 was 5.66%.

Invincible Investment ROCE % Historical Data

The historical data trend for Invincible 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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Invincible Investment ROCE % Chart

Invincible Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.90

0.55

-0.33

2.06

6.36

Invincible Investment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															0.85	0.88	3.28	5.66	6.97

Invincible Investment ROCE % Calculation

Invincible Investment's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	7252.411	/	( ( (494819.805 - 122634.316)	+	(494237.781 - 161519.996) )	/ 2 )
	=	7252.411	/	( (372185.489	+	332717.785)	/ 2 )
	=	7252.411	/	352451.637
	=	2.06 %

Invincible Investment's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	18911.658	/	( ( (494237.781 - 161519.996)	+	(496819.93 - 161183.886) )	/ 2 )
	=	18911.658	/	( ( 332717.785	+	335636.044 )	/ 2 )
	=	18911.658	/	334176.9145
	=	5.66 %

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

Invincible Investment (TSE:8963) 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.

Invincible Investment ROCE % Related Terms

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Invincible Investment (TSE:8963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Invincible Investment Corp (TSE:8963) » Definitions » ROCE %

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Address

Roppongi Hills Mori Tower 6-10-1 Roppongi, Minato-ku, Tokyo, JPN

Website

http://www.invincible-inv.co.jp

Invincible Investment Corp is a Japanese real estate investment trust. It aims to ensure steady asset growth and stable revenues from a medium-to-long-term perspective through investing in real estate properties. The company invests primarily in residential properties or hotels, or real estate assets and other assets backed by such residential properties or hotels and real estate-backed securities.

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