Citizen Watch Co (Citizen Watch Co) ROCE % : 11.89% (As of Dec. 2023)

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What is Citizen Watch 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. Citizen Watch Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.89%.

Citizen Watch Co ROCE % Historical Data

The historical data trend for Citizen Watch 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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Citizen Watch Co ROCE % Chart

Citizen Watch Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.86

-4.73

-4.40

8.18

8.42

Citizen Watch 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															9.24	4.04	10.61	11.13	11.89

Citizen Watch Co ROCE % Calculation

Citizen Watch Co'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 )
	=	213.498	/	( ( (3330.837 - 584.749)	+	(2917.623 - 593.405) )	/ 2 )
	=	213.498	/	( (2746.088	+	2324.218)	/ 2 )
	=	213.498	/	2535.153
	=	8.42 %

Citizen Watch 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 )
	=	274.452	/	( ( (2781.616 - 499.665)	+	(2803.193 - 468.72) )	/ 2 )
	=	274.452	/	( ( 2281.951	+	2334.473 )	/ 2 )
	=	274.452	/	2308.212
	=	11.89 %

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

Citizen Watch Co (OTCPK:CHCLY) 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.

Citizen Watch Co ROCE % Related Terms

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Citizen Watch Co (Citizen Watch Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Citizen Watch Co Ltd (OTCPK:CHCLY) » Definitions » ROCE %

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Traded in Other Exchanges

7762:Japan CTZ:Germany

Address

6-1-12, Tanashi-cho, Nishi Tokyo-shi, Tokyo, JPN, 188-8511

Website

https://www.citizen.co.jp

Citizen Watch Co Ltd primarily manufactures watches, machine tools, devices, and electronic products that it sells worldwide. Its watches and clocks segment contributes more than half of the company's revenue and includes brands such as Citizen, Bulova, xC, Q&Q, and Attesa. Machine Tools, which consists mostly of automatic lathes, and Devices, which consists largely of auto parts, switches, Chip LEDs, micro LCDs, and quartz crystals, each comprise roughly 15%-20% of total revenue. Electronic Products, which includes printers, health care equipment, and calculators, and Other Products collectively account for the remaining revenue. Japan and Asia (excluding Japan) each account for roughly a third of the company's total sales. Most of the remaining sales are from America and Europe.

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