Yokohama Rubber Co (Yokohama Rubber Co) ROCE % : 15.39% (As of Dec. 2023)

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What is Yokohama Rubber Co 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. Yokohama Rubber Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.39%.

Yokohama Rubber Co ROCE % Historical Data

The historical data trend for Yokohama Rubber Co'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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Yokohama Rubber Co ROCE % Chart

Yokohama Rubber Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.83

6.22

12.74

9.12

10.44

Yokohama Rubber Co 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															10.80	7.58	9.00	7.71	15.39

Yokohama Rubber Co ROCE % Calculation

Yokohama Rubber Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	785.622	/	( ( (8531.873 - 2182.918)	+	(11115.72 - 2416.206) )	/ 2 )
	=	785.622	/	( (6348.955	+	8699.514)	/ 2 )
	=	785.622	/	7524.2345
	=	10.44 %

Yokohama Rubber Co'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 )
	=	1339.672	/	( ( (11195.272 - 2488.816)	+	(11115.72 - 2416.206) )	/ 2 )
	=	1339.672	/	( ( 8706.456	+	8699.514 )	/ 2 )
	=	1339.672	/	8702.985
	=	15.39 %

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

Yokohama Rubber Co (OTCPK:YORUF) 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.

Yokohama Rubber Co ROCE % Related Terms

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Yokohama Rubber Co (Yokohama Rubber Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Yokohama Rubber Co Ltd (OTCPK:YORUF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5101:Japan

Address

36-11, Shimbashi 5-chome, Minato-ku, Tokyo, JPN, 105-8685

Website

https://www.y-yokohama.com

Yokohama Rubber Co Ltd makes and sells rubber tires, wheels, and other components in two primary segments based on product type: The tires segment, which generates the majority of revenue, sells rubber tires and wheels for automobiles under the Yokohama and Advan brand names; the multiple businesses segment sells hose and couplings, conveyor belts, marine hoses, pneumatic genders, sealants and adhesives, aerospace components, and electronic materials. The majority of revenue comes from Japan.

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