Daisyo (TSE:9979) ROCE % : -0.29% (As of Aug. 2024)

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What is Daisyo 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. Daisyo's annualized ROCE % for the quarter that ended in Aug. 2024 was -0.29%.

Daisyo ROCE % Historical Data

The historical data trend for Daisyo'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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Daisyo ROCE % Chart

Daisyo Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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-17.09

-17.06

-2.42

-4.19

6.08

Daisyo 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															-1.82	6.00	11.40	8.26	-0.29

Daisyo ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	1346	/	( ( (33188 - 9526)	+	(33524 - 12922) )	/ 2 )
	=	1346	/	( (23662	+	20602)	/ 2 )
	=	1346	/	22132
	=	6.08 %

Daisyo'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 )
	=	-60	/	( ( (33824 - 12587)	+	(33524 - 12922) )	/ 2 )
	=	-60	/	( ( 21237	+	20602 )	/ 2 )
	=	-60	/	20919.5
	=	-0.29 %

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

Daisyo (TSE:9979) 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.

Daisyo ROCE % Related Terms

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Daisyo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Daisyo Corp (TSE:9979) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-10, Omori City Building, Omorikita, Ota-ku, Tokyo, JPN, 1430016

Website

http://www.daisyo.co.jp

Daisyo Corp operates a chain of pubs and Japanese seafood restaurants in japan. It operates in below following segments: Restaurant segment, Wholesale segment, Real estate segment, Franchise segment and Other segment which is involved in the transportation of foodstuff.

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