Apaman Co (TSE:8889) ROCE % : 8.34% (As of Mar. 2024)

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What is Apaman 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. Apaman Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.34%.

Apaman Co ROCE % Historical Data

The historical data trend for Apaman 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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Apaman Co ROCE % Chart

Apaman Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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6.39

-1.97

5.94

4.19

6.75

Apaman Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.43	10.31	8.51	-3.76	8.34

Apaman Co ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	1526	/	( ( (35545 - 11952)	+	(34944 - 13326) )	/ 2 )
	=	1526	/	( (23593	+	21618)	/ 2 )
	=	1526	/	22605.5
	=	6.75 %

Apaman Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1664	/	( ( (33248 - 12947)	+	(33132 - 13530) )	/ 2 )
	=	1664	/	( ( 20301	+	19602 )	/ 2 )
	=	1664	/	19951.5
	=	8.34 %

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

Apaman Co (TSE:8889) 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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Apaman Co (TSE:8889) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Apaman Co Ltd (TSE:8889) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Central Building 1-1-5 Kyobashi, Chuo-ku, Tokyo, JPN, 104-0031

Website

http://www.apamanshop-hd.co.jp

Apaman Co Ltd, is a Japan-based holding company that manages the business and optimal distribution of resources for overall group companies. Under its real estate leasing business, the company manages stores and franchise. The property management business offers rental management and sub-leasing services. It is also engaged in the principal investment and fund management business. It operates as a property broker in Japan.

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