Fast Retailing Co (HKSE:06288) ROCE % : 12.03% (As of Aug. 2024)

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What is Fast Retailing Co 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. Fast Retailing Co's annualized ROCE % for the quarter that ended in Aug. 2024 was 12.03%.

Fast Retailing Co ROCE % Historical Data

The historical data trend for Fast Retailing 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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Fast Retailing Co ROCE % Chart

Fast Retailing Co Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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9.69

14.55

18.06

17.73

21.26

Fast Retailing Co Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial															12.66	24.90	20.67	24.87	12.03

Fast Retailing Co ROCE % Calculation

Fast Retailing Co's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	30291.753	/	( ( (178585.64 - 39421.134)	+	(191225.149 - 45434.272) )	/ 2 )
	=	30291.753	/	( (139164.506	+	145790.877)	/ 2 )
	=	30291.753	/	142477.6915
	=	21.26 %

Fast Retailing Co's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	17628.532	/	( ( (184642.066 - 37277.517)	+	(191225.149 - 45434.272) )	/ 2 )
	=	17628.532	/	( ( 147364.549	+	145790.877 )	/ 2 )
	=	17628.532	/	146577.713
	=	12.03 %

(1) Note: The EBIT data used here is four times the quarterly (Aug. 2024) EBIT data.

Fast Retailing Co (HKSE:06288) 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.

Fast Retailing Co ROCE % Related Terms

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Fast Retailing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fast Retailing Co Ltd (HKSE:06288) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FRCOY:USA FRCOF:USA 9983:Japan FR7H:Germany

Address

10717-1 Sayama, Yamaguchi, Yamaguchi, JPN, 754-0894

Website

https://www.fastretailing.com

Fast Retailing is Japan's largest apparel company, operating the casualwear retail chain Uniqlo known for its high-quality functional apparel at reasonable prices. Fast Retailing is in charge of product design and sales, while outsourcing almost all of its production to factories in places including China, Vietnam, Bangladesh, Indonesia, and India. It is ranked the fourth-largest apparel company by sales globally in 2023 in our estimate, thanks to the expansion of Uniqlo International, which contributed 52% of core operating profit. As at the end of fiscal 2023, it ran 3,578 stores globally. Other brands in its portfolio include GU and acquired brands including Theory, Comptoir des Cotonniers, and Princesse Tam Tam. The Yanai family owned a 40.86% stake in the firm as at June 8, 2024.

Executives

Yanai Tadashi	2101 Beneficial owner
Yanai Koji	2101 Beneficial owner
Yanai Kazumi	2101 Beneficial owner

Fast Retailing Co Headlines

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