Good Life Co (TSE:2970) ROCE % : 17.76% (As of Jun. 2024)

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What is Good Life 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. Good Life Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 17.76%.

Good Life Co ROCE % Historical Data

The historical data trend for Good Life 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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Good Life Co ROCE % Chart

Good Life Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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31.89

11.10

13.85

14.83

26.28

Good Life Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															18.43	44.90	9.67	47.20	17.76

Good Life Co ROCE % Calculation

Good Life Co'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 )
	=	1057	/	( ( (7010 - 3531)	+	(9361 - 4797) )	/ 2 )
	=	1057	/	( (3479	+	4564)	/ 2 )
	=	1057	/	4021.5
	=	26.28 %

Good Life Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	932	/	( ( (10496 - 5348)	+	(12882 - 7535) )	/ 2 )
	=	932	/	( ( 5148	+	5347 )	/ 2 )
	=	932	/	5247.5
	=	17.76 %

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

Good Life Co (TSE:2970) 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.

Good Life Co ROCE % Related Terms

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Good Life Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Good Life Co Inc (TSE:2970) » Definitions » ROCE %

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Address

Hakataekiminami 1-2-15 3 Floor, Yubinbango, Hakata-ku, Fukuoka, Fukuoka, JPN, 812-0016

Website

http://www.goodlife-c.jp

Good Life Co Inc is a Japan-based company offering management services for condominium management and real estate management. The company operates in four business divisions including trading business, design business, leasing business and management business. It also specializes in designing rental condominiums.

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