Keisei Electric Railway Co (TSE:9009) ROCE % : 5.88% (As of Sep. 2024)

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What is Keisei Electric Railway 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. Keisei Electric Railway Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.88%.

Keisei Electric Railway Co ROCE % Historical Data

The historical data trend for Keisei Electric Railway 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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Keisei Electric Railway Co ROCE % Chart

Keisei Electric Railway Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.12

-4.03

-0.07

4.60

15.34

Keisei Electric Railway Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															9.41	37.24	8.80	5.88	29.45

Keisei Electric Railway Co ROCE % Calculation

Keisei Electric Railway Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	124498	/	( ( (965573 - 182638)	+	(1064202 - 223759) )	/ 2 )
	=	124498	/	( (782935	+	840443)	/ 2 )
	=	124498	/	811689
	=	15.34 %

Keisei Electric Railway Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	49072	/	( ( (0 - 0)	+	(1028165 - 193112) )	/ 1 )
	=	49072	/	( ( 0	+	835053 )	/ 1 )
	=	49072	/	835053
	=	5.88 %

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

Keisei Electric Railway Co (TSE:9009) 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.

Keisei Electric Railway Co ROCE % Related Terms

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Keisei Electric Railway Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Keisei Electric Railway Co Ltd (TSE:9009) » Definitions » ROCE %

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KELRF:USA KEI:Germany

Address

3-1-8 Yahata 3-chome, Ichikawa, Chiba, JPN, 272-8510

Website

http://www.keisei.co.jp

Keisei Electric Railway Co Ltd is a Japanese company that operates railways in Japan. The company's three segments are transportation, distribution, and real estate management. The transportation segment offers passenger transportation services by rail, bus and taxi, and it contributes the majority of revenue. The distribution segment is engaged in operating department stores, shopping centers, and other retail stores. The company derives revenue from real estate activities such as leasing and selling its properties. It also generates additional revenue from activities ranging from real estate construction, operation of restaurants, hotels and leisure sites to car maintenance services.

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