Activia Properties (FRA:7ZY) ROCE % : 3.60% (As of May. 2023)

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What is Activia Properties 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. Activia Properties's annualized ROCE % for the quarter that ended in May. 2023 was 3.60%.

Activia Properties ROCE % Historical Data

The historical data trend for Activia Properties'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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Activia Properties ROCE % Chart

Activia Properties Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

ROCE %

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3.70

3.85

3.23

3.11

3.05

Activia Properties Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23
ROCE %	Get a 7-Day Free Trial															3.10	3.31	3.09	3.19	3.60

Activia Properties ROCE % Calculation

Activia Properties'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 )
	=	118.007	/	( ( (4352.575 - 231.862)	+	(3868.236 - 255.227) )	/ 2 )
	=	118.007	/	( (4120.713	+	3613.009)	/ 2 )
	=	118.007	/	3866.861
	=	3.05 %

Activia Properties'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 )
	=	128.914	/	( ( (3868.236 - 255.227)	+	(3807.307 - 250.165) )	/ 2 )
	=	128.914	/	( ( 3613.009	+	3557.142 )	/ 2 )
	=	128.914	/	3585.0755
	=	3.60 %

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

Activia Properties (FRA:7ZY) 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.

Activia Properties ROCE % Related Terms

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Activia Properties (FRA:7ZY) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Activia Properties Inc (FRA:7ZY) » Definitions » ROCE %

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3279:Japan

Address

1-16-3 Dogenzaka, Shibuya-ku, Tokyo, JPN, 150-0043

Website

http://www.activia-reit.co.jp

Activia Properties Inc, or API, is a Japanese real estate investment trust principally involved in the ownership of properties in the Greater Tokyo area. Most of these properties are either urban retail units near major train stations, corporate office properties, or other popular areas in Tokyo. API derives the vast majority of its income in the form of rental revenue from its real estate holdings. Its urban retail properties encompass the larger overall share of these holdings. The company's major tenants include the Tokyu Land Corporation, a Japanese railway operator. Tokyu Land Corp is also the controlling shareholder of the firm that works with Activia through an asset management agreement, TLC Activia Investment Management Inc.

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