Sekisui House Reit (TSE:3309) ROCE % : 3.14% (As of Oct. 2023)

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What is Sekisui House 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. Sekisui House Reit's annualized ROCE % for the quarter that ended in Oct. 2023 was 3.14%.

Sekisui House Reit ROCE % Historical Data

The historical data trend for Sekisui House 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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Sekisui House Reit ROCE % Chart

Sekisui House Reit Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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3.12

3.02

3.31

2.96

2.97

Sekisui House Reit Semi-Annual Data
	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
ROCE %	Get a 7-Day Free Trial														2.84	2.98	2.80	3.14	2.21

Sekisui House Reit ROCE % Calculation

Sekisui House Reit's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	15549	/	( ( (570999.401 - 42927.275)	+	(569478.531 - 49463.317) )	/ 2 )
	=	15549	/	( (528072.126	+	520015.214)	/ 2 )
	=	15549	/	524043.67
	=	2.97 %

Sekisui House Reit's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	16382.124	/	( ( (569205.17 - 46014.955)	+	(569478.531 - 49463.317) )	/ 2 )
	=	16382.124	/	( ( 523190.215	+	520015.214 )	/ 2 )
	=	16382.124	/	521602.7145
	=	3.14 %

(1) Note: The EBIT data used here is two times the semi-annual (Oct. 2023) EBIT data.

Sekisui House Reit (TSE:3309) 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.

Sekisui House Reit ROCE % Related Terms

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Sekisui House Reit (TSE:3309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sekisui House Reit Inc (TSE:3309) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-15-1 Akasaka, Minato-ku, Tokyo, JPN, 107-0051

Website

http://www.sekisuihouse-reit.co.jp

Sekisui House Reit Inc is a Japan-based company that operates as a real estate investment trust. The company invests in commercial properties predominantly in office and commercial buildings, hotels, and retail properties located in the Tokyo Metropolitan Areas, Osaka, and Nagoya areas. The asset manager of the company is a subsidiary of Sekisui House, Ltd.

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