Nareru Group (TSE:9163) ROCE % : 14.74% (As of Apr. 2024)

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What is Nareru Group 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. Nareru Group's annualized ROCE % for the quarter that ended in Apr. 2024 was 14.74%.

Nareru Group ROCE % Historical Data

The historical data trend for Nareru Group'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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Nareru Group ROCE % Chart

Nareru Group Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Oct24

ROCE %

11.24

13.17

16.38

18.68

Nareru Group Quarterly Data
	Oct21	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Oct24
ROCE %	Get a 7-Day Free Trial						20.07	17.46	18.58	14.74	-

Nareru Group ROCE % Calculation

Nareru Group's annualized ROCE % for the fiscal year that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	3111.878	/	( ( (22505.067 - 6287.444)	+	(23617.471 - 6516.941) )	/ 2 )
	=	3111.878	/	( (16217.623	+	17100.53)	/ 2 )
	=	3111.878	/	16659.0765
	=	18.68 %

Nareru Group's ROCE % of for the quarter that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	2358.128	/	( ( (21306.333 - 5464.683)	+	(22083.114 - 5938.84) )	/ 2 )
	=	2358.128	/	( ( 15841.65	+	16144.274 )	/ 2 )
	=	2358.128	/	15992.962
	=	14.74 %

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

Nareru Group (TSE:9163) 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.

Nareru Group ROCE % Related Terms

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Nareru Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nareru Group Inc (TSE:9163) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-5 Nibancho, 3rd Floor, Kojimachi Mitsuha Building, Chiyoda-ku, Tokyo, JPN, 102-0084

Website

https://www.nareru-group.co.jp

Nareru Group Inc is engaged in the Dispatching service of construction engineers and computer engineers. The company provides services in the areas of architecture, civil engineering, air conditioning and sanitary, and electrical equipment.

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