Open House Group Co (TSE:3288) ROCE % : 21.96% (As of Dec. 2023)

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What is Open House Group 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. Open House Group Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.96%.

Open House Group Co ROCE % Historical Data

The historical data trend for Open House Group 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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Open House Group Co ROCE % Chart

Open House Group Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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23.26

23.57

20.69

18.51

18.21

Open House Group Co Quarterly Data
	Mar19	Jun19	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															16.94	20.84	14.23	21.44	21.96

Open House Group Co ROCE % Calculation

Open House Group Co's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	140866	/	( ( (1031174 - 309495)	+	(1198668 - 373526) )	/ 2 )
	=	140866	/	( (721679	+	825142)	/ 2 )
	=	140866	/	773410.5
	=	18.21 %

Open House Group Co'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 )
	=	185688	/	( ( (1198668 - 373526)	+	(1291262 - 424985) )	/ 2 )
	=	185688	/	( ( 825142	+	866277 )	/ 2 )
	=	185688	/	845709.5
	=	21.96 %

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

Open House Group Co (TSE:3288) 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.

Open House Group Co ROCE % Related Terms

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Open House Group Co (TSE:3288) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Open House Group Co Ltd (TSE:3288) » Definitions » ROCE %

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O4H:Germany

Address

2-4-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6312

Website

https://oh.openhouse-group.com

Open House Group Co Ltd is principally engaged in real estate businesses, including real estate brokerage, single-family home development and sales, condominium development and sales, real estate investment, real estate financing, and other related services. The company comprises six operating segments: brokerage, single-family homes, Asakawa Home, condominiums, property resale, and others. The single-family homes segment delivers approximately half of group revenue, and the property resale segment contributes to the next most significant portion of revenue. Open House's sales centers are mainly located in Tokyo and surrounding areas.

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