AIT (TSE:9381) ROCE % : 22.78% (As of Aug. 2024)

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What is AIT 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. AIT's annualized ROCE % for the quarter that ended in Aug. 2024 was 22.78%.

AIT ROCE % Historical Data

The historical data trend for AIT'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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AIT ROCE % Chart

AIT Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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19.89

18.81

24.98

33.15

23.81

AIT Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial															25.25	28.78	16.30	24.03	22.78

AIT ROCE % Calculation

AIT's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	4530	/	( ( (24888 - 6594)	+	(23866 - 4109) )	/ 2 )
	=	4530	/	( (18294	+	19757)	/ 2 )
	=	4530	/	19025.5
	=	23.81 %

AIT's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	4616	/	( ( (24382 - 4586)	+	(25530 - 4802) )	/ 2 )
	=	4616	/	( ( 19796	+	20728 )	/ 2 )
	=	4616	/	20262
	=	22.78 %

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

AIT (TSE:9381) 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.

AIT ROCE % Related Terms

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AIT Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » AIT Corp (TSE:9381) » Definitions » ROCE %

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Address

2-1-6 Honmachi, 15 Floor, Sakaisuji-Honmachi-Center Building, Chuo-ku, Osaka, JPN, 541-0053

Website

http://www.ait-jp.com

AIT Corp is a Japan-based integrated logistics company. It is engaged in the delivery and cargo services. The services offered by the company include freight forwarding through marine, air, motor truck, railroad, and coastal transport. AIT also offers airfreight agency, customs clearance, warehousing, ship brokerage, import, and export agency, and nonlife insurance services. The company has network operations in Taiwan, Vietnam, Indonesia, Malaysia, Korea, Myanmar, Cambodia, Singapore, Philippine, Bangladesh, India, Sri Lanka, Pakistan, Australia, and Canada.

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