Meiho Enterprise Co (TSE:8927) ROCE % : -0.79% (As of Jul. 2024)

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What is Meiho Enterprise 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. Meiho Enterprise Co's annualized ROCE % for the quarter that ended in Jul. 2024 was -0.79%.

Meiho Enterprise Co ROCE % Historical Data

The historical data trend for Meiho Enterprise 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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Meiho Enterprise Co ROCE % Chart

Meiho Enterprise Co Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

ROCE %

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5.75

13.00

11.25

10.69

14.64

Meiho Enterprise Co Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial															12.04	13.76	26.86	25.91	-0.79

Meiho Enterprise Co ROCE % Calculation

Meiho Enterprise Co's annualized ROCE % for the fiscal year that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	2272.257	/	( ( (22480.374 - 8915.792)	+	(28104.501 - 10633.182) )	/ 2 )
	=	2272.257	/	( (13564.582	+	17471.319)	/ 2 )
	=	2272.257	/	15517.9505
	=	14.64 %

Meiho Enterprise Co's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	-127.02	/	( ( (25055.906 - 10294.634)	+	(28104.501 - 10633.182) )	/ 2 )
	=	-127.02	/	( ( 14761.272	+	17471.319 )	/ 2 )
	=	-127.02	/	16116.2955
	=	-0.79 %

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

Meiho Enterprise Co (TSE:8927) 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.

Meiho Enterprise Co ROCE % Related Terms

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Meiho Enterprise Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Meiho Enterprise Co Ltd (TSE:8927) » Definitions » ROCE %

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N/A

Address

2-10-11 Meguro, Meguro-ku, 5th Floor Meguro Yamate Place, Tokyo, JPN, 153-0063

Website

https://www.meiho-est.com

Meiho Enterprise Co Ltd is a real estate company engaged in the sale of residential properties. Its business is divided into Real estate development/sales business;Real estate leasing business; and Real estate brokerage business.

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