SRE Holdings (TSE:2980) ROCE % : 16.79% (As of Dec. 2023)

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What is SRE 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. SRE Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.79%.

SRE Holdings ROCE % Historical Data

The historical data trend for SRE 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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SRE Holdings ROCE % Chart

SRE Holdings Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

11.63

13.46

11.75

9.17

10.08

SRE Holdings Quarterly Data
	Mar19	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														6.78	13.51	3.92	7.87	16.79

SRE Holdings ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	1707.672	/	( ( (23018.904 - 5141.325)	+	(21956.43 - 5962.719) )	/ 2 )
	=	1707.672	/	( (17877.579	+	15993.711)	/ 2 )
	=	1707.672	/	16935.645
	=	10.08 %

SRE 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 )
	=	3527.448	/	( ( (25358.417 - 5762.152)	+	(26946.182 - 4533.477) )	/ 2 )
	=	3527.448	/	( ( 19596.265	+	22412.705 )	/ 2 )
	=	3527.448	/	21004.485
	=	16.79 %

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

SRE Holdings (TSE:2980) 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.

SRE Holdings ROCE % Related Terms

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SRE Holdings (TSE:2980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SRE Holdings Corp (TSE:2980) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2 Aoyama Street Shionbiru 2nd Floor, Minato-ku, Kita-Aoyama 3-chome, Yubinbango, Tokyo, JPN, 107-0061

Website

https://www.sre-group.co.jp

SRE Holdings Corp operates in three businesses the real estate business, IT platform business and AI solution business. It provides AI consulting to various industries, IT platform service for real estate industry and develops real estate asset business and real estate distribution services by acquiring and operating real estate.

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