Takara Leben Real Estate Investment (TSE:3492) ROCE % : 3.29% (As of Aug. 2023)

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What is Takara Leben Real Estate Investment 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. Takara Leben Real Estate Investment's annualized ROCE % for the quarter that ended in Aug. 2023 was 3.29%.

Takara Leben Real Estate Investment ROCE % Historical Data

The historical data trend for Takara Leben Real Estate Investment'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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Takara Leben Real Estate Investment ROCE % Chart

Takara Leben Real Estate Investment Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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4.97

4.06

4.00

3.32

Takara Leben Real Estate Investment Semi-Annual Data
	Feb18	Aug18	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial							4.08	3.52	3.26	3.29	3.23

Takara Leben Real Estate Investment ROCE % Calculation

Takara Leben Real Estate Investment's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	4096.348	/	( ( (122302.985 - 7754.743)	+	(142604.574 - 10416.667) )	/ 2 )
	=	4096.348	/	( (114548.242	+	132187.907)	/ 2 )
	=	4096.348	/	123368.0745
	=	3.32 %

Takara Leben Real Estate Investment's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	4257.068	/	( ( (133774.533 - 6801.598)	+	(142604.574 - 10416.667) )	/ 2 )
	=	4257.068	/	( ( 126972.935	+	132187.907 )	/ 2 )
	=	4257.068	/	129580.421
	=	3.29 %

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

Takara Leben Real Estate Investment (TSE:3492) 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.

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Takara Leben Real Estate Investment (TSE:3492) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Takara Leben Real Estate Investment Corp (TSE:3492) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

1 Chome-14-15 Akasaka, Minato-ku, Tokyo, JPN, 107-0052

Website

https://takara-reit.co.jp

Takara Leben Real Estate Investment Corp is a J-REIT that owns and operates real estate properties and real property-related assets. It invests in office, hotel and residential properties.

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