Nippon Parking Development Co (TSE:2353) ROCE % : 26.18% (As of Jan. 2025)

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What is Nippon Parking Development 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. Nippon Parking Development Co's annualized ROCE % for the quarter that ended in Jan. 2025 was 26.18%.

Nippon Parking Development Co ROCE % Historical Data

The historical data trend for Nippon Parking Development 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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Nippon Parking Development Co ROCE % Chart

Nippon Parking Development Co Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

ROCE %

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11.95

14.45

20.35

27.21

23.13

Nippon Parking Development Co Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
ROCE %	Get a 7-Day Free Trial															19.97	25.86	13.25	24.36	26.18

Nippon Parking Development Co ROCE % Calculation

Nippon Parking Development Co'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 )
	=	6735.547	/	( ( (29007.113 - 4888.552)	+	(42136.619 - 8026.9) )	/ 2 )
	=	6735.547	/	( (24118.561	+	34109.719)	/ 2 )
	=	6735.547	/	29114.14
	=	23.13 %

Nippon Parking Development Co's ROCE % of for the quarter that ended in Jan. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2025 )		(Q: Oct. 2024 )		(Q: Jan. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2025 )		(Q: Oct. 2024 )		(Q: Jan. 2025 )
	=	8895.248	/	( ( (41845.851 - 8609.377)	+	(44547.415 - 9820.419) )	/ 2 )
	=	8895.248	/	( ( 33236.474	+	34726.996 )	/ 2 )
	=	8895.248	/	33981.735
	=	26.18 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2025) EBIT data.

Nippon Parking Development Co (TSE:2353) 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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Nippon Parking Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nippon Parking Development Co Ltd (TSE:2353) » Definitions » ROCE %

Traded in Other Exchanges

3SY:Germany

Address

Osaka Fukoku Seimei Building, 2-4 Komatsubara-cho, Kita-ku, Osaka, JPN, 530-0018

Website

http://www.n-p-d.co.jp

Nippon Parking Development Co Ltd provides car parking solutions and services. The company is engaged in providing hospitality management upgrade solutions and planning to use the unused real estate assets for parking solutions. It also provides consultation in other aspects such as depreciation, maintenance, and repair costs of parking facilities. Its client base involves building owners, parking facility owners, hotel business owners, and store owners.

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