Land Business Co (TSE:8944) ROCE % : -3.16% (As of Mar. 2024)

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What is Land Business 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. Land Business Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.16%.

Land Business Co ROCE % Historical Data

The historical data trend for Land Business 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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Land Business Co ROCE % Chart

Land Business Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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1.83

1.48

1.71

2.05

1.74

Land Business 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															8.37	3.47	-1.48	11.81	-3.16

Land Business Co ROCE % Calculation

Land Business 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 )
	=	855.775	/	( ( (54212.794 - 3397.047)	+	(53877.16 - 6256.164) )	/ 2 )
	=	855.775	/	( (50815.747	+	47620.996)	/ 2 )
	=	855.775	/	49218.3715
	=	1.74 %

Land Business 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 )
	=	-1444.836	/	( ( (53077.633 - 7608.179)	+	(53749.583 - 7869.354) )	/ 2 )
	=	-1444.836	/	( ( 45469.454	+	45880.229 )	/ 2 )
	=	-1444.836	/	45674.8415
	=	-3.16 %

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

Land Business Co (TSE:8944) 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.

Land Business Co ROCE % Related Terms

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Land Business Co (TSE:8944) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Land Business Co Ltd (TSE:8944) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Kasumigaseki Building 30th Floor, Kasumigaseki 3-2-5, Chiyoda-ku, Tokyo, JPN

Website

http://www.lbca.co.jp

Land Business Co Ltd is a real estate services company based in Japan. The company operates through two segments: Real Estate Investment business and Design and Construction business. In the Real Estate Investment business, the company acquires land, inject the know-how, cultivated in the design and build office buildings. The Design and Construction business consists of design supervision business, building and consulting business to support real estate owners.

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