Hankyu Hanshin REIT (TSE:8977) ROCE %

: 2.97% (As of May. 2023)

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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. Hankyu Hanshin REIT's annualized ROCE % for the quarter that ended in May. 2023 was 2.97%.

Hankyu Hanshin REIT ROCE % Historical Data

The historical data trend for Hankyu Hanshin REIT'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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Hankyu Hanshin REIT Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

ROCE %

3.24

3.46

3.25

2.92

2.95

Hankyu Hanshin REIT Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23
ROCE %																2.93	2.86	2.99	2.99	2.97

Hankyu Hanshin REIT ROCE % Calculation

Hankyu Hanshin REIT's annualized ROCE % for the fiscal year that ended in Nov. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2022 )		(A: Nov. 2021 )		(A: Nov. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2022 )		(A: Nov. 2021 )		(A: Nov. 2022 )
	=	4742.252	/	( ( (171781.028 - 12130.293)	+	(170604.239 - 8959.046) )	/ 2 )
	=	4742.252	/	( (159650.735	+	161645.193)	/ 2 )
	=	4742.252	/	160647.964
	=	2.95 %

Hankyu Hanshin REIT's ROCE % of for the quarter that ended in May. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2023 )		(Q: Nov. 2022 )		(Q: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2023 )		(Q: Nov. 2022 )		(Q: May. 2023 )
	=	4798.6	/	( ( (170604.239 - 8959.046)	+	(175459.336 - 13928.802) )	/ 2 )
	=	4798.6	/	( ( 161645.193	+	161530.534 )	/ 2 )
	=	4798.6	/	161587.8635
	=	2.97 %

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

Hankyu Hanshin REIT (TSE:8977) 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.

Hankyu Hanshin REIT ROCE % Related Terms

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Hankyu Hanshin REIT (TSE:8977) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hankyu Hanshin REIT Inc (TSE:8977) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

19-19, Chayamachi, Kita-ku, Osaka, JPN, 530-0013

Website

https://www.hankyuhanshinreit.co.jp

Hankyu Hanshin REIT Inc is a real estate investment trust. The firm manages funds contributed by unitholders by investing them mainly in real estate and real estate backed securities. Its portfolio comprises retail facilities, Office use facilities and Complex facilities. The firm holds the majority of its investments in Kansai region.

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