Furukawa Electric Co (FRA:FKA) ROCE % : 1.61% (As of Dec. 2023)

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What is Furukawa Electric 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. Furukawa Electric Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.61%.

Furukawa Electric Co ROCE % Historical Data

The historical data trend for Furukawa Electric 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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Furukawa Electric Co ROCE % Chart

Furukawa Electric Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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8.42

7.50

4.82

4.42

6.30

Furukawa Electric 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															7.14	8.58	2.08	0.98	1.61

Furukawa Electric Co ROCE % Calculation

Furukawa Electric 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 )
	=	256	/	( ( (7166.42 - 2907.655)	+	(6532.318 - 2662.471) )	/ 2 )
	=	256	/	( (4258.765	+	3869.847)	/ 2 )
	=	256	/	4064.306
	=	6.30 %

Furukawa Electric 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 )
	=	57.828	/	( ( (6128.663 - 2544.638)	+	(6147.078 - 2553.275) )	/ 2 )
	=	57.828	/	( ( 3584.025	+	3593.803 )	/ 2 )
	=	57.828	/	3588.914
	=	1.61 %

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

Furukawa Electric Co (FRA:FKA) 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.

Furukawa Electric Co ROCE % Related Terms

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Furukawa Electric Co (FRA:FKA) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Furukawa Electric Co Ltd (FRA:FKA) » Definitions » ROCE %

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FUWAY:USA FUWAF:USA 5801:Japan FKA:Germany

Address

Marunouchi Nakadori Building, 2-3, Marunouchi 2-chome, Chiyodaku, Tokyo, JPN, 100-8322

Website

http://www.furukawa.co.jp

Furukawa Electric Co Ltd offers products related to various industries and technologies. It provides products such as optical fiber cables, indoor conduits, ultra-battery, triple insulated wires, water feeding piping systems and industrial lasers. The company's segments are Telecommunications, Energy and Industrial products, Electronics and Automotive Systems, Metals, Light Metals, Services, and Others. It derives the majority of its revenues from electronics and automotive systems segment. The company operates in Japan, South-East Asia, Korea, Taiwan, India, China and North America.

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