Kakiyasu Honten Co (TSE:2294) ROCE % : 28.17% (As of Jan. 2024)

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What is Kakiyasu Honten 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. Kakiyasu Honten Co's annualized ROCE % for the quarter that ended in Jan. 2024 was 28.17%.

Kakiyasu Honten Co ROCE % Historical Data

The historical data trend for Kakiyasu Honten 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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Kakiyasu Honten Co ROCE % Chart

Kakiyasu Honten Co Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

ROCE %

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17.49

15.77

15.59

8.40

17.56

Kakiyasu Honten Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															12.81	30.49	8.32	6.12	28.17

Kakiyasu Honten Co ROCE % Calculation

Kakiyasu Honten Co's annualized ROCE % for the fiscal year that ended in Feb. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2022 )		(A: Feb. 2021 )		(A: Feb. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2022 )		(A: Feb. 2021 )		(A: Feb. 2022 )
	=	2777	/	( ( (18813 - 3479)	+	(20002 - 3712) )	/ 2 )
	=	2777	/	( (15334	+	16290)	/ 2 )
	=	2777	/	15812
	=	17.56 %

Kakiyasu Honten Co's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	4896	/	( ( (20405 - 3446)	+	(20699 - 2901) )	/ 2 )
	=	4896	/	( ( 16959	+	17798 )	/ 2 )
	=	4896	/	17378.5
	=	28.17 %

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

Kakiyasu Honten Co (TSE:2294) 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.

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Kakiyasu Honten Co (TSE:2294) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Kakiyasu Honten Co Ltd (TSE:2294) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Yoshinomaru, Mie Prefecture, Kuwana, JPN, 511-8555

Website

http://www.kakiyasuhonten.co.jp

Kakiyasu Honten Co Ltd operates the restaurant and food business in Japan. It operates in four divisions: Food, Delicatessen, Restaurant, and Fresh Meat. It is engaged in the manufacturing and sale of dressed meat, prepared food, Shigure-cooking food (food boiled in soy sauce) and Japanese confectionery, as well as the operation of restaurants.

Kakiyasu Honten Co (TSE:2294) Headlines

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