Banners Co (TSE:3011) ROCE % : 5.51% (As of Mar. 2024)

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What is Banners 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. Banners Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.51%.

Banners Co ROCE % Historical Data

The historical data trend for Banners 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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Banners Co ROCE % Chart

Banners Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-3.82

0.83

2.18

3.02

3.61

Banners Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															4.71	1.98	3.39	3.72	5.51

Banners Co ROCE % Calculation

Banners Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	268.557	/	( ( (9043.862 - 1591.646)	+	(8702.538 - 1262.321) )	/ 2 )
	=	268.557	/	( (7452.216	+	7440.217)	/ 2 )
	=	268.557	/	7446.2165
	=	3.61 %

Banners Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	409.264	/	( ( (8656.231 - 1233.325)	+	(8702.538 - 1262.321) )	/ 2 )
	=	409.264	/	( ( 7422.906	+	7440.217 )	/ 2 )
	=	409.264	/	7431.5615
	=	5.51 %

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

Banners Co (TSE:3011) 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.

Banners Co ROCE % Related Terms

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Banners Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Banners Co Ltd (TSE:3011) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

102, Ishihara, Kumagaya-shi, Saitama, JPN, 3600816

Website

http://www.banners.jp

Banners Co Ltd is a Japan-based company. It operates its business activities in three divisions including real estate utilization business, automobile sales business and musical instrument sales business. In the real estate utilization business, the company mainly rent tenants. In the automobile sales business, it sells Honda Vehicles and non-life insurance. In the musical instrument sales business, it imports and sells oboe and bathoons as a specialty store of double reed musical instruments. It also provides maintenance and after-sales services.

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