Arnest One (TSE:8895) ROCE % : 27.08% (As of Dec. 2013)

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What is Arnest One 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. Arnest One's annualized ROCE % for the quarter that ended in Dec. 2013 was 27.08%.

Arnest One ROCE % Historical Data

The historical data trend for Arnest One'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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Arnest One ROCE % Chart

Arnest One Annual Data

Trend

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

ROCE %

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-31.69

47.66

46.27

39.01

28.57

Arnest One Quarterly Data
	Mar05	Mar06	Mar07	Mar08	Mar10	Mar11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
ROCE %	Get a 7-Day Free Trial									-	25.58	19.88	28.73	27.08

Arnest One ROCE % Calculation

Arnest One's annualized ROCE % for the fiscal year that ended in Mar. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2013 )		(A: Mar. 2012 )		(A: Mar. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2013 )		(A: Mar. 2012 )		(A: Mar. 2013 )
	=	18781	/	( ( (89885 - 28708)	+	(100421 - 30127) )	/ 2 )
	=	18781	/	( (61177	+	70294)	/ 2 )
	=	18781	/	65735.5
	=	28.57 %

Arnest One's ROCE % of for the quarter that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2013 )		(Q: Sep. 2013 )		(Q: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2013 )		(Q: Sep. 2013 )		(Q: Dec. 2013 )
	=	20476	/	( ( (112686 - 37848)	+	(118517 - 42153) )	/ 2 )
	=	20476	/	( ( 74838	+	76364 )	/ 2 )
	=	20476	/	75601
	=	27.08 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2013) EBIT data.

Arnest One (TSE:8895) 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.

Arnest One ROCE % Related Terms

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Arnest One (TSE:8895) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Arnest One Corporation (TSE:8895) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-2-22 Kitahara-cho, Nishi-tokyo-shi, Tokyo, JPN, 188-0003

Website

http://www.arnest1.co.jp

Arnest One Corp is a Japanese company mainly engaged in subdividing and selling single-family home and condominiums. The company also provides construction works as a contractor. Its business is classified into three groups, Single-Family Homes, Condominiums and other related business.

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