Hikari Food Service Co (TSE:138A) ROCE % : 0.00% (As of Nov. 2024)

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What is Hikari Food Service 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. Hikari Food Service Co's annualized ROCE % for the quarter that ended in Nov. 2024 was 0.00%.

Hikari Food Service Co ROCE % Historical Data

The historical data trend for Hikari Food Service 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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Hikari Food Service Co ROCE % Chart

Hikari Food Service Co Annual Data

Trend

Nov21

Nov22

Nov23

Nov24

ROCE %

5.15

7.55

19.39

11.07

Hikari Food Service Co Quarterly Data
	Nov21	Nov22	Aug23	Nov23	Feb24	May24	Nov24
ROCE %	Get a 7-Day Free Trial			-	20.23	13.28	14.49	-

Hikari Food Service Co ROCE % Calculation

Hikari Food Service Co's annualized ROCE % for the fiscal year that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2024 )		(A: Nov. 2023 )		(A: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2024 )		(A: Nov. 2023 )		(A: Nov. 2024 )
	=	173.426	/	( ( (1764.59 - 521.226)	+	(2408.54 - 519.436) )	/ 2 )
	=	173.426	/	( (1243.364	+	1889.104)	/ 2 )
	=	173.426	/	1566.234
	=	11.07 %

Hikari Food Service Co's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: May. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: May. 2024 )		(Q: Nov. 2024 )
	=	0	/	( ( (2524.395 - 500.386)	+	(2408.54 - 519.436) )	/ 2 )
	=	0	/	( ( 2024.009	+	1889.104 )	/ 2 )
	=	0	/	1956.5565
	=	0.00 %

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

Hikari Food Service Co (TSE:138A) 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.

Hikari Food Service Co ROCE % Related Terms

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Hikari Food Service Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Hikari Food Service Co Ltd (TSE:138A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Noritake 1st Building 101, 1-10-6 Noritake, Nakamura-ku, Aichi, Nagoya, JPN, 453-0014

Website

https://www.hikari-food-service.jp

Hikari Food Service Co Ltd is engaged in the restaurant business in Japan. It mainly provides standing bar-style izakaya restaurants. Some of its restaurants are, Daikoku, Fish Camellia, Kanayamaya Family, and Yakiniku Delux.

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