Storage-OH Co (TSE:2997) ROCE % : -11.41% (As of Apr. 2024)

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What is Storage-OH 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. Storage-OH Co's annualized ROCE % for the quarter that ended in Apr. 2024 was -11.41%.

Storage-OH Co ROCE % Historical Data

The historical data trend for Storage-OH 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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Storage-OH Co ROCE % Chart

Storage-OH Co Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

ROCE %

9.27

-8.24

21.57

11.37

Storage-OH Co Quarterly Data
	Jan20	Jan21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
ROCE %	Get a 7-Day Free Trial								-15.85	-8.76	-11.39	61.67	-11.41

Storage-OH Co ROCE % Calculation

Storage-OH Co's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	153.845	/	( ( (1512.486 - 418.445)	+	(1819.733 - 206.896) )	/ 2 )
	=	153.845	/	( (1094.041	+	1612.837)	/ 2 )
	=	153.845	/	1353.439
	=	11.37 %

Storage-OH Co's ROCE % of for the quarter that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	-249.644	/	( ( (2844.679 - 629.232)	+	(4057.505 - 1897.398) )	/ 2 )
	=	-249.644	/	( ( 2215.447	+	2160.107 )	/ 2 )
	=	-249.644	/	2187.777
	=	-11.41 %

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

Storage-OH Co (TSE:2997) 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.

Storage-OH Co ROCE % Related Terms

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Storage-OH Co (TSE:2997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Storage-OH Co Ltd (TSE:2997) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-9-23 Ichikawaminami, Ichikawa-shi, 4th floor, Keiyo Housing Ichikawa Building, Chiba, JPN, 272-0033

Website

https://www.storageoh.jp

Storage-OH Co Ltd is a property management company. The company is engaged in planning, development, operation, management of trunk room property management business.

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