Kyoshin Co (TSE:4735) ROCE % : 17.53% (As of Feb. 2024)

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What is Kyoshin 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. Kyoshin Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 17.53%.

Kyoshin Co ROCE % Historical Data

The historical data trend for Kyoshin 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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Kyoshin Co ROCE % Chart

Kyoshin Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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10.21

10.76

5.44

3.36

1.63

Kyoshin Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															14.49	-14.08	9.56	3.45	17.53

Kyoshin Co ROCE % Calculation

Kyoshin Co's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	203.816	/	( ( (20727.773 - 7938.918)	+	(21191.272 - 8980.538) )	/ 2 )
	=	203.816	/	( (12788.855	+	12210.734)	/ 2 )
	=	203.816	/	12499.7945
	=	1.63 %

Kyoshin Co'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: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	2162.34	/	( ( (20858.818 - 8767.675)	+	(20713.642 - 8132.193) )	/ 2 )
	=	2162.34	/	( ( 12091.143	+	12581.449 )	/ 2 )
	=	2162.34	/	12336.296
	=	17.53 %

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

Kyoshin Co (TSE:4735) 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.

Kyoshin Co ROCE % Related Terms

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Kyoshin Co (TSE:4735) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Kyoshin Co Ltd (TSE:4735) » Definitions » ROCE %

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Address

Shimogyo-ku Karasuma Street Gojo 382-1, Kyoto Prefecture, Osaka-cho, down Kyoto, Yubinbango, Kyoto, JPN, 600-8177

Website

http://www.kyoshin.co.jp

Kyoshin Co Ltd operates cram schools and offers guidance services for students appearing for elementary, junior & high school entrance examinations. It also operates specialty schools for Japanese students abroad & offers tutorial & related services. It has franchise classes for individual guidance and English conversation classes from elementary school children to infants.

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