Good Com Asset Co (TSE:3475) ROCE % : 13.46% (As of Apr. 2024)

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What is Good Com Asset 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. Good Com Asset Co's annualized ROCE % for the quarter that ended in Apr. 2024 was 13.46%.

Good Com Asset Co ROCE % Historical Data

The historical data trend for Good Com Asset 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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Good Com Asset Co ROCE % Chart

Good Com Asset Co Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

ROCE %

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25.48

24.16

29.64

10.05

22.24

Good Com Asset Co Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Oct24
ROCE %	Get a 7-Day Free Trial															5.00	7.25	3.47	13.46	-

Good Com Asset Co ROCE % Calculation

Good Com Asset Co's annualized ROCE % for the fiscal year that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	5453.345	/	( ( (53496.876 - 30564.48)	+	(39460.042 - 13344.699) )	/ 2 )
	=	5453.345	/	( (22932.396	+	26115.343)	/ 2 )
	=	5453.345	/	24523.8695
	=	22.24 %

Good Com Asset 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 )
	=	2784.012	/	( ( (52728.783 - 33362.198)	+	(50049.782 - 28054.003) )	/ 2 )
	=	2784.012	/	( ( 19366.585	+	21995.779 )	/ 2 )
	=	2784.012	/	20681.182
	=	13.46 %

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

Good Com Asset Co (TSE:3475) 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.

Good Com Asset Co ROCE % Related Terms

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Good Com Asset Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Good Com Asset Co Ltd (TSE:3475) » Definitions » ROCE %

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Address

7-20-1, Nishishinjuku, 17th Floor, Sumitomo Fudosan Nishi-Shinjuku Building, Shinjuku-ku, Tokyo, JPN, 160-0023

Website

https://www.goodcomasset.co.jp

Good Com Asset Co Ltd is a Japan-based company mainly engaged in planning, development, sale and management of newly built apartments. It primarily engages in planning, developing, managing, and selling mansions primarily in Japan. It is also providing rent management and real estate consultancy services, as well as property and casualty insurance products.

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