Suzuki Motor (Suzuki Motor) ROCE % : 14.73% (As of Dec. 2023)

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What is Suzuki Motor 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. Suzuki Motor's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.73%.

Suzuki Motor ROCE % Historical Data

The historical data trend for Suzuki Motor'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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Suzuki Motor ROCE % Chart

Suzuki Motor Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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14.20

12.24

10.98

10.27

12.20

Suzuki Motor 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															14.77	11.17	13.52	15.93	14.73

Suzuki Motor ROCE % Calculation

Suzuki Motor'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 )
	=	2901.126	/	( ( (35041.694 - 10596.598)	+	(34247.836 - 11128.147) )	/ 2 )
	=	2901.126	/	( (24445.096	+	23119.689)	/ 2 )
	=	2901.126	/	23782.3925
	=	12.20 %

Suzuki Motor'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 )
	=	3395.16	/	( ( (34014.265 - 11258.122)	+	(34117.744 - 10763.647) )	/ 2 )
	=	3395.16	/	( ( 22756.143	+	23354.097 )	/ 2 )
	=	3395.16	/	23055.12
	=	14.73 %

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

Suzuki Motor (OTCPK:SZKMF) 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.

Suzuki Motor ROCE % Related Terms

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Suzuki Motor (Suzuki Motor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Suzuki Motor Corp (OTCPK:SZKMF) » Definitions » ROCE %

Comparable Companies

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SZKMY:USA 7269:Japan SUK:Germany

Address

300 Takatsuka-cho, Minami-ku, Shizuoka, Hamamatsu, JPN, 432-8611

Website

https://www.globalsuzuki.com

Suzuki Motor Corp is an automobile manufacturing company. It organizes itself into three segments based on product type namely: automobile, motorcycle, and Marine business. The automotive business, which contributes the vast majority of revenue, largely focuses on passenger vehicles. The motorcycle business manufactures on- and off-road motorcycles and scooters, and contributes the next-largest portion of sales. The Marine business manufactures four-stroke motors for marine use. Nearly half of consolidated revenue is derived from Asian countries excluding Japan, with a third of sales made domestically.

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