Tokaido REIT (TSE:2989) ROCE % : 3.85% (As of Jan. 2025)

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What is Tokaido REIT 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. Tokaido REIT's annualized ROCE % for the quarter that ended in Jan. 2025 was 3.85%.

Tokaido REIT ROCE % Historical Data

The historical data trend for Tokaido REIT'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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Tokaido REIT ROCE % Chart

Tokaido REIT Annual Data

Trend

Jul21

Jan22

Jul23

Jul24

ROCE %

1.60

4.08

3.93

Tokaido REIT Semi-Annual Data
	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24	Jan25
ROCE %	Get a 7-Day Free Trial			4.02	4.83	4.04	4.02	3.85

Tokaido REIT ROCE % Calculation

Tokaido REIT'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 )
	=	1906.44	/	( ( (50037.911 - 7945.128)	+	(58257.252 - 3393.807) )	/ 2 )
	=	1906.44	/	( (42092.783	+	54863.445)	/ 2 )
	=	1906.44	/	48478.114
	=	3.93 %

Tokaido REIT'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: Jul. 2024 )		(Q: Jan. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2025 )		(Q: Jul. 2024 )		(Q: Jan. 2025 )
	=	2115.352	/	( ( (58257.252 - 3393.807)	+	(60177.229 - 5169.477) )	/ 2 )
	=	2115.352	/	( ( 54863.445	+	55007.752 )	/ 2 )
	=	2115.352	/	54935.5985
	=	3.85 %

(1) Note: The EBIT data used here is two times the semi-annual (Jan. 2025) EBIT data.

Tokaido REIT (TSE:2989) 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.

Tokaido REIT ROCE % Related Terms

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Tokaido REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tokaido REIT Inc (TSE:2989) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-14-3 Nagatacho, Chiyoda-ku, Tokyo, JPN, 100-0014

Website

https://www.tokaido-reit.co.jp/en

Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.

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