IN Holdings Co (TSE:132A) ROC %: 1.74% (As of Apr. 2026)

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TSE:132A IN Holdings Co Ltd TSE:132A
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What is IN Holdings Co ROC %?

IN Holdings Co TSE:132A 12 ROC % is 1.74% as of Apr. 2026. GuruFocus rates TSE:132A with a GF Score™ of 12/100. The stock has 5 warning signs investors should review.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. IN Holdings Co's annualized return on capital (ROC %) for the quarter that ended in Apr. 2026 was 1.74%.

As of today (2026-08-15), IN Holdings Co's WACC % is 2.97%. IN Holdings Co's ROC % is 0.83% (calculated using TTM income statement data). IN Holdings Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.


IN Holdings Co  (TSE:132A) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, IN Holdings Co's WACC % is 2.97%. IN Holdings Co's ROC % is 0.83% (calculated using TTM income statement data). IN Holdings Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


IN Holdings Co ROC % Related Terms


IN Holdings Co ROC % Historical Data

* Premium members only.

The historical data trend for IN Holdings Co's ROC % 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.

IN Holdings Co ROC % Chart

IN Holdings Co Annual Data
Trend Oct22 Oct23 Oct24 Oct25
ROC %
-0.41 1.32 1.26 0.86

IN Holdings Co Semi-Annual Data
Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
ROC % Get a 7-Day Free Trial 2.69 -0.26 2.11 0.00 1.74
TSE:132A
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IN Holdings Co Ltd TSE:132A
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IN Holdings Co ROC % Calculation

IN Holdings Co's annualized Return on Capital (ROC %) for the fiscal year that ended in Oct. 2025 is calculated as:

ROC % (A: Oct. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Oct. 2024 ) + Invested Capital (A: Oct. 2025 ))/ count )
=87.221 * ( 1 - 24.37% )/( (6780.747 + 8578.598)/ 2 )
=65.9652423/7679.6725
=0.86 %

where

Invested Capital(A: Oct. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7694.692 - 971.359 - ( 1545.541 - max(0, 2831.5 - 2774.086+1545.541))
=6780.747

Invested Capital(A: Oct. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=9153.139 - 1038.155 - ( 1614.524 - max(0, 3430.047 - 2966.433+1614.524))
=8578.598

IN Holdings Co's annualized Return on Capital (ROC %) for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=200.876 * ( 1 - 23.28% )/( (8578.598 + 9096.572)/ 2 )
=154.1120672/8837.585
=1.74 %

where

Invested Capital(Q: Oct. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=9153.139 - 1038.155 - ( 1614.524 - max(0, 3430.047 - 2966.433+1614.524))
=8578.598

Invested Capital(Q: Apr. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=9664.113 - 1046.881 - ( 1611.773 - max(0, 3449.328 - 2969.988+1611.773))
=9096.572

Note: The Operating Income data used here is two times the semi-annual (Apr. 2026) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of 1.74% mean?
IN Holdings Co (TSE:132A) has a ROC % of 1.74% as of Apr. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on IN Holdings Co and its competitors.
Is IN Holdings Co's ROC % too high?
IN Holdings Co's current ROC % is 1.74%. The Transportation industry median ROC % is 4.75. IN Holdings Co's value of 1.74% is 63.4% below this industry median. Overall, IN Holdings Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does IN Holdings Co's ROC % compare to ?
IN Holdings Co's ROC % of 1.74% can be compared against companies in the Transportation industry. The industry median ROC % is 4.75. IN Holdings Co's value of 1.74% is 63.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Transportation company?
The median ROC % among Transportation companies is 4.75, based on 992 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IN Holdings Co's current ROC % of 1.74% is 63.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on IN Holdings Co and its competitors. For the Transportation industry, the median ROC % is 4.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IN Holdings Co's current ROC % is 1.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IN Holdings Co stock overvalued right now?
IN Holdings Co (TSE:132A) has a current ROC % of 1.74%. The current ROC % is 1.74% and 63.4% below the Transportation industry median of 4.75. IN Holdings Co's overall GF Score™ is 12/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For IN Holdings Co (TSE:132A), the current ROC % is 1.74% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

IN Holdings Co Business Description

Comparable Companies
Address 656-1, Naoe, Chikujogun Yoshitomimachi, Fukuoka, JPN, 871-0831
IN Holdings Co Ltd is engaged in logistics business in Japan. It has wide range of operations, including general cargo business, as well as warehousing, packaging, vehicle transportation, and export.
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ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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