Mitsui Fudosan Logistics Park (TSE:3471) ROCE % : 2.66% (As of Jul. 2024)

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What is Mitsui Fudosan Logistics Park 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. Mitsui Fudosan Logistics Park's annualized ROCE % for the quarter that ended in Jul. 2024 was 2.66%.

Mitsui Fudosan Logistics Park ROCE % Historical Data

The historical data trend for Mitsui Fudosan Logistics Park'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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Mitsui Fudosan Logistics Park ROCE % Chart

Mitsui Fudosan Logistics Park Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

ROCE %

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2.88

3.09

2.72

2.70

Mitsui Fudosan Logistics Park Semi-Annual Data
	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jul23	Jan24	Jul24
ROCE %	Get a 7-Day Free Trial										2.72	2.89	2.80	2.79	2.66

Mitsui Fudosan Logistics Park ROCE % Calculation

Mitsui Fudosan Logistics Park'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 )
	=	9509.717	/	( ( (350013.971 - 18767.821)	+	(386162.327 - 12742.192) )	/ 2 )
	=	9509.717	/	( (331246.15	+	373420.135)	/ 2 )
	=	9509.717	/	352333.1425
	=	2.70 %

Mitsui Fudosan Logistics Park's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Jan. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Jan. 2024 )		(Q: Jul. 2024 )
	=	9575.34	/	( ( (361107.391 - 14465.221)	+	(386162.327 - 12742.192) )	/ 2 )
	=	9575.34	/	( ( 346642.17	+	373420.135 )	/ 2 )
	=	9575.34	/	360031.1525
	=	2.66 %

(1) Note: The EBIT data used here is two times the semi-annual (Jul. 2024) EBIT data.

Mitsui Fudosan Logistics Park (TSE:3471) 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.

Mitsui Fudosan Logistics Park ROCE % Related Terms

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Mitsui Fudosan Logistics Park Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mitsui Fudosan Logistics Park Inc (TSE:3471) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

8-7, Ginza 6-chome, Chuo-ku, Tokyo, JPN, 104-0061

Website

https://www.mflp-r.co.jp

Mitsui Fudosan Logistics Park Inc is a real estate investment trust company. It is involved in the businesses of office buildings, retail properties, housing, hotels and resorts, real estate solutions, logistics facilities and venture co-creation. Its assets and projects are located in Hokkaido, Kanto, Kinki, Tohoku, Tokai, Kyushu, Hokuriku, and Chugoku in Japan.

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