Daiseki Co (Daiseki Co) ROCE % : 18.09% (As of Nov. 2023)

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What is Daiseki 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. Daiseki Co's annualized ROCE % for the quarter that ended in Nov. 2023 was 18.09%.

Daiseki Co ROCE % Historical Data

The historical data trend for Daiseki 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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Daiseki Co ROCE % Chart

Daiseki Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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14.19

12.47

14.51

13.91

15.86

Daiseki Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															14.06	18.14	16.64	18.09	13.12

Daiseki Co ROCE % Calculation

Daiseki Co's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	101.721	/	( ( (752.708 - 100.95)	+	(726.137 - 95.552) )	/ 2 )
	=	101.721	/	( (651.758	+	630.585)	/ 2 )
	=	101.721	/	641.1715
	=	15.86 %

Daiseki Co's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	113.016	/	( ( (734.54 - 100.214)	+	(709.131 - 93.868) )	/ 2 )
	=	113.016	/	( ( 634.326	+	615.263 )	/ 2 )
	=	113.016	/	624.7945
	=	18.09 %

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

Daiseki Co (OTCPK:DSKIF) 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.

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Daiseki Co (Daiseki Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Daiseki Co Ltd (OTCPK:DSKIF) » Definitions » ROCE %

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9793:Japan

Address

1-86 Funami-cho Minato-ku, Aichi, Nagoya, JPN, 4558505

Website

http://www.daiseki.co.jp

Daiseki Co Ltd provides industrial waste treatment and resource recycling throughout Japan. Its core business activities are treating waste oil, waste water, and sludge. It collects and recycles oils and waste water from clients and processes the waste into heavy oil or supplemental fuel. Separators and filters remove deteriorated components, and other systems either refine or adjust products into reusable form. Final products are either delivered back to clients or shipped to market. Advanced technology partners with experienced employees to analyze and classify the particular waste to determine the correct solution; methods revolve around dehydration, kneading, and a combination of mixing and chemical treatment.

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