Air Water (Air Water) ROCE % : 10.44% (As of Dec. 2023)

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What is Air Water 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. Air Water's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.44%.

Air Water ROCE % Historical Data

The historical data trend for Air Water'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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Air Water ROCE % Chart

Air Water Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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8.74

9.31

7.99

8.82

7.80

Air Water Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															8.61	10.92	6.00	8.20	10.44

Air Water ROCE % Calculation

Air Water's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	480.54	/	( ( (8619.104 - 2218.34)	+	(8167.065 - 2242.162) )	/ 2 )
	=	480.54	/	( (6400.764	+	5924.903)	/ 2 )
	=	480.54	/	6162.8335
	=	7.80 %

Air Water's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	630.524	/	( ( (7909.622 - 2019.331)	+	(8282.411 - 2095.255) )	/ 2 )
	=	630.524	/	( ( 5890.291	+	6187.156 )	/ 2 )
	=	630.524	/	6038.7235
	=	10.44 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Air Water (OTCPK:AWTRF) 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.

Air Water ROCE % Related Terms

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Air Water (Air Water) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Air Water Inc (OTCPK:AWTRF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4088:Japan 0AW:Germany

Address

12-8, Minami Semba 2-chome, Chuo-ku, Osaka, JPN, 542-0081

Website

http://www.awi.co.jp

Air Water Inc manufactures and sells a variety of chemicals and chemical-based products. The firm organizes itself into five primary segments based on product type. The industrial gas segment, which generates the most revenue of any segment, sells gases including oxygen used in blast furnaces to produce steel. The chemical business sells coal and fine chemicals to the agricultural and pharmaceutical industries. The medical segment sells medical gases and sterilization equipment to hospitals and home-care facilities. The agricultural and food products segment sells delicatessen meat, frozen foods, and fruit and vegetable juices. The energy segment sells natural gas.

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