Wood Friends Co (TSE:8886) ROCE % : -6.69% (As of May. 2024)

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What is Wood Friends 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. Wood Friends Co's annualized ROCE % for the quarter that ended in May. 2024 was -6.69%.

Wood Friends Co ROCE % Historical Data

The historical data trend for Wood Friends 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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Wood Friends Co ROCE % Chart

Wood Friends Co Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

ROCE %

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5.53

10.08

11.83

2.74

-12.13

Wood Friends Co Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
ROCE %	Get a 7-Day Free Trial															4.63	-10.60	-25.89	-6.71	-6.69

Wood Friends Co ROCE % Calculation

Wood Friends Co's annualized ROCE % for the fiscal year that ended in May. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	-1769.212	/	( ( (38219.495 - 23157.774)	+	(23823.96 - 9717.906) )	/ 2 )
	=	-1769.212	/	( (15061.721	+	14106.054)	/ 2 )
	=	-1769.212	/	14583.8875
	=	-12.13 %

Wood Friends Co's ROCE % of for the quarter that ended in May. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	-935.492	/	( ( (25717.175 - 11865.125)	+	(23823.96 - 9717.906) )	/ 2 )
	=	-935.492	/	( ( 13852.05	+	14106.054 )	/ 2 )
	=	-935.492	/	13979.052
	=	-6.69 %

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

Wood Friends Co (TSE:8886) 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.

Wood Friends Co ROCE % Related Terms

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Wood Friends Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wood Friends Co Ltd (TSE:8886) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 5 No. 3 KDX Nagoya Sakae Building 2F, Sakae medium Nagoya District chome, Nagoya, JPN

Website

http://www.woodfriends.co.jp

Wood Friends Co Ltd is engaged in the planning, development, and sale of real estate products. The business contents of the company include construction materials, franchise business, urban development, project, remodeling business, and IT advertisement related business.

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