Cados (TSE:211A) ROCE % : 9.61% (As of Jul. 2024)

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What is Cados 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. Cados's annualized ROCE % for the quarter that ended in Jul. 2024 was 9.61%.

Cados ROCE % Historical Data

The historical data trend for Cados'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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Cados ROCE % Chart

Cados Annual Data

Trend

Jul22

Jul23

Jul24

ROCE %

8.68

9.17

9.61

Cados Semi-Annual Data
	Jul22	Jul23	Jul24
ROCE %	8.68	9.17	9.61

Cados ROCE % Calculation

Cados's annualized ROCE % for the fiscal year that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	620.164	/	( ( (7667.228 - 1642.62)	+	(8403.562 - 1524.785) )	/ 2 )
	=	620.164	/	( (6024.608	+	6878.777)	/ 2 )
	=	620.164	/	6451.6925
	=	9.61 %

Cados's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Jul. 2023 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Jul. 2023 )		(Q: Jul. 2024 )
	=	620.164	/	( ( (7667.228 - 1642.62)	+	(8403.562 - 1524.785) )	/ 2 )
	=	620.164	/	( ( 6024.608	+	6878.777 )	/ 2 )
	=	620.164	/	6451.6925
	=	9.61 %

(1) Note: The EBIT data used here is one times the annual (Jul. 2024) EBIT data.

Cados (TSE:211A) 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.

Cados ROCE % Related Terms

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Cados Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Cados Corp (TSE:211A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-17 Ogorikoganemachi, Ogori, Yamaguchi Prefecture, Yamaguchi, JPN, 754-0021

Website

https://www.cados.jp

Cados Corp is an engineering and construction company. It is engaged in Architectural construction work, Civil engineering work, Architectural and civil engineering planning, design and consulting, Real estate buying and selling, leasing, brokerage and management.

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