Landix (TSE:2981) ROCE % : -3.04% (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Landix 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. Landix's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.04%.

Landix ROCE % Historical Data

The historical data trend for Landix'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.

* Premium members only.

Landix ROCE % Chart

Landix Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

21.59

20.66

11.84

22.09

21.22

Landix Quarterly Data
	Mar18	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															10.28	16.21	19.86	15.75	-3.04

Landix ROCE % Calculation

Landix'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 )
	=	1682.594	/	( ( (12768.811 - 5310.132)	+	(13896.725 - 5496.856) )	/ 2 )
	=	1682.594	/	( (7458.679	+	8399.869)	/ 2 )
	=	1682.594	/	7929.274
	=	21.22 %

Landix'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 )
	=	-279.432	/	( ( (13983.511 - 5110.335)	+	(15845.589 - 6349.369) )	/ 2 )
	=	-279.432	/	( ( 8873.176	+	9496.22 )	/ 2 )
	=	-279.432	/	9184.698
	=	-3.04 %

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

Landix (TSE:2981) 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.

Landix ROCE % Related Terms

Thank you for viewing the detailed overview of Landix's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Landix (TSE:2981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Landix Inc (TSE:2981) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-22-2 Shinmachi, Setagaya-ku, Tokyo, JPN, 154-0014

Website

https://www.landix.jp

Landix Inc engages in real estate development, real estate matching and consulting business. The company also provides custom-made housing matching and consulting business, mainly in the Jonan areas of Setagaya, Meguro, Ota, Shibuya, Minato and Shinagawa.

Landix (TSE:2981) Headlines

No Headlines