Japan Airport Terminal Co (TSE:9706) ROCE %

: 9.98% (As of Dec. 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. Japan Airport Terminal Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.98%.

Japan Airport Terminal Co ROCE % Historical Data

The historical data trend for Japan Airport Terminal 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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Japan Airport Terminal Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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14.92

2.63

-11.46

-9.20

-2.28

Japan Airport Terminal 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															0.19	-1.38	5.83	8.23	9.98

Japan Airport Terminal Co ROCE % Calculation

Japan Airport Terminal 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 )
	=	-9392	/	( ( (463878 - 36847)	+	(446955 - 49125) )	/ 2 )
	=	-9392	/	( (427031	+	397830)	/ 2 )
	=	-9392	/	412430.5
	=	-2.28 %

Japan Airport Terminal 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 )
	=	39908	/	( ( (452035 - 53415)	+	(457263 - 56303) )	/ 2 )
	=	39908	/	( ( 398620	+	400960 )	/ 2 )
	=	39908	/	399790
	=	9.98 %

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

Japan Airport Terminal Co (TSE:9706) 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.

Japan Airport Terminal Co ROCE % Related Terms

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Japan Airport Terminal Co (TSE:9706) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Japan Airport Terminal Co Ltd (TSE:9706) » Definitions » ROCE %

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JTTRY:USA 0JA:Germany

Address

3-2, Haneda Airport 3-Chome, Ohta-ku, Tokyo, JPN, 144-0041

Website

http://www.tokyo-airport-bldg.co.jp

Japan Airport Terminal Co Ltd is a Japanese airport operations company. It is principally involved in the management and operation of Haneda airport terminal building. The company's business consists of three segments, Facilities Management, Merchandise Sales, and Food and Beverage. The segment of facilities management operations leases, maintains and repairs, and operates passenger terminal facilities at Haneda Airport. The segment of merchandise sales operations is engaged in retail sales of products to passengers and others and wholesales of products to companies operating airport terminals and others. The segment of food and beverage operations provides food and beverage services to parties including users of Haneda Airport and Narita International Airport.

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