INV (TSE:7338) ROCE % : 4.63% (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is INV 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. INV's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.63%.

INV ROCE % Historical Data

The historical data trend for INV'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.

* Premium members only.

INV ROCE % Chart

INV Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

1.68

9.10

3.22

INV Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								5.44	5.14	4.49	1.90	4.63

INV ROCE % Calculation

INV's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	385	/	( ( (125409 - 113451)	+	(122278 - 110287) )	/ 2 )
	=	385	/	( (11958	+	11991)	/ 2 )
	=	385	/	11974.5
	=	3.22 %

INV's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	560	/	( ( (117497 - 105374)	+	(115958 - 103867) )	/ 2 )
	=	560	/	( ( 12123	+	12091 )	/ 2 )
	=	560	/	12107
	=	4.63 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

INV (TSE:7338) 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.

INV ROCE % Related Terms

Thank you for viewing the detailed overview of INV's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

INV (TSE:7338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » INV Inc (TSE:7338) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-5-6 Higashi Nihonbashi, Chuo-ku, Tokyo, JPN, 103-0004

Website

https://www.inv.inc

INV Inc is engaged in management of business of group companies engaged in financial instruments business, money lending business, and incidental business.

INV (TSE:7338) Headlines

No Headlines