Sapporo Holdings (TSE:2501) ROCE % : 3.65% (As of Dec. 2023)

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What is Sapporo Holdings 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. Sapporo Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.65%.

Sapporo Holdings ROCE % Historical Data

The historical data trend for Sapporo Holdings'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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Sapporo Holdings ROCE % Chart

Sapporo Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.15

-3.61

6.04

3.30

3.42

Sapporo Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															2.91	-2.91	1.21	10.95	3.65

Sapporo Holdings ROCE % Calculation

Sapporo Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	15251	/	( ( (639118 - 219515)	+	(663573 - 191204) )	/ 2 )
	=	15251	/	( (419603	+	472369)	/ 2 )
	=	15251	/	445986
	=	3.42 %

Sapporo Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	17132	/	( ( (657237 - 191473)	+	(663573 - 191204) )	/ 2 )
	=	17132	/	( ( 465764	+	472369 )	/ 2 )
	=	17132	/	469066.5
	=	3.65 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Sapporo Holdings (TSE:2501) 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.

Sapporo Holdings ROCE % Related Terms

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Sapporo Holdings (TSE:2501) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Sapporo Holdings Ltd (TSE:2501) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SBW:Germany

Address

20-1, Ebisu 4-chome, Shibuya-ku, Tokyo, JPN, 150-8522

Website

http://www.sapporoholdings.jp

Sapporo Holdings Ltd primarily sells alcoholic beverages, food, and soft drinks. Alcoholic beverage sales in Japan, which consist mostly of beer sales under the Sapporo and Yebisu brand names, make up more than half of Sapporo's total revenue. Roughly a quarter of Sapporo's revenue is from its Food and Soft Drink business, which includes its Café de Crie coffee shops in addition to many brands and products. Sapporo has international food and beverage sales in North America and other parts of Asia. Sapporo's remaining revenue comes from its restaurants, which are in Japan and operate under brand names including Ginza Lion Beer Hall and Yebisu Bar, and its real estate business, which develops, leases, and manages commercial complexes and office buildings in Japan.

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