Kyokuto Co (TSE:2300) ROCE % : -12.02% (As of Aug. 2024)

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What is Kyokuto 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. Kyokuto Co's annualized ROCE % for the quarter that ended in Aug. 2024 was -12.02%.

Kyokuto Co ROCE % Historical Data

The historical data trend for Kyokuto 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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Kyokuto Co ROCE % Chart

Kyokuto Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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2.86

-15.61

-23.47

-4.75

4.10

Kyokuto 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															-9.74	-7.13	-19.77	62.70	-12.02

Kyokuto Co ROCE % Calculation

Kyokuto Co's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	119.225	/	( ( (3773.299 - 1220.723)	+	(4327.964 - 1059.281) )	/ 2 )
	=	119.225	/	( (2552.576	+	3268.683)	/ 2 )
	=	119.225	/	2910.6295
	=	4.10 %

Kyokuto 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 )
	=	-426.08	/	( ( (4981.686 - 1455.746)	+	(4753.931 - 1190.983) )	/ 2 )
	=	-426.08	/	( ( 3525.94	+	3562.948 )	/ 2 )
	=	-426.08	/	3544.444
	=	-12.02 %

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

Kyokuto Co (TSE:2300) 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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Kyokuto Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Kyokuto Co Ltd (TSE:2300) » Definitions » ROCE %

Comparable Companies

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Address

Hakata-ku Kannakuma 1, chome 28 No. 53, Fukuoka prefecture, Fukuoka, JPN, 816-0063

Website

http://www.k-cleaning.jp

Kyokuto Co Ltd is a Japanese company. It is engaged in the home cleaning business. It offers ozone cleaning, aqua, and dry cleaning, delicate course cleaning, wash charm, and setting line services. The Company also operates outlets throughout Japan. It operates through more than six hundred stores.

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