Advance Logistics Investment (TSE:3493) ROCE % : 2.86% (As of Feb. 2024)

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What is Advance Logistics 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. Advance Logistics Investment's annualized ROCE % for the quarter that ended in Feb. 2024 was 2.86%.

Advance Logistics Investment ROCE % Historical Data

The historical data trend for Advance Logistics 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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Advance Logistics Investment ROCE % Chart

Advance Logistics Investment Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

Aug23

Aug24

ROCE %

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2.67

2.79

2.76

2.60

Advance Logistics Investment Semi-Annual Data
	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Aug23	Feb24	Aug24
ROCE %	Get a 7-Day Free Trial						2.78	2.78	2.99	2.86	2.67

Advance Logistics Investment ROCE % Calculation

Advance Logistics 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: Jul. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Jul. 2022 )		(A: Aug. 2023 )
	=	0	/	( ( (115043.638 - 6218.865)	+	(135286.798 - 1374.351) )	/ 2 )
	=	0	/	( (108824.773	+	133912.447)	/ 2 )
	=	0	/	121368.61
	=	0.00 %

Advance Logistics Investment's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	3671.708	/	( ( (135286.798 - 1374.351)	+	(135180.946 - 12078.345) )	/ 2 )
	=	3671.708	/	( ( 133912.447	+	123102.601 )	/ 2 )
	=	3671.708	/	128507.524
	=	2.86 %

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

Advance Logistics Investment (TSE:3493) 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.

Advance Logistics Investment ROCE % Related Terms

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Advance Logistics Investment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Advance Logistics Investment Corp (TSE:3493) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

1-105 Kanda-Jinbocho, 17th Floor, Jinbocho Mitsui Building, Chiyoda Ward, Tokyo, JPN

Website

https://www.adl-reit.com

Advance Logistics Investment Corp is a Japanese real estate investment company. It is engaged in investing in logistics real estate.

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