Hibino (TSE:2469) ROCE % : 20.90% (As of Dec. 2023)

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What is Hibino 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. Hibino's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.90%.

Hibino ROCE % Historical Data

The historical data trend for Hibino'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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Hibino ROCE % Chart

Hibino Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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10.97

7.50

-15.23

10.69

7.47

Hibino 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															10.10	25.51	0.15	18.76	20.90

Hibino ROCE % Calculation

Hibino'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 )
	=	1361.518	/	( ( (30908.003 - 12677.938)	+	(36864.52 - 18645.972) )	/ 2 )
	=	1361.518	/	( (18230.065	+	18218.548)	/ 2 )
	=	1361.518	/	18224.3065
	=	7.47 %

Hibino'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 )
	=	4170.932	/	( ( (36155.917 - 16569.195)	+	(38547.82 - 18224.487) )	/ 2 )
	=	4170.932	/	( ( 19586.722	+	20323.333 )	/ 2 )
	=	4170.932	/	19955.0275
	=	20.90 %

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

Hibino (TSE:2469) 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.

Hibino ROCE % Related Terms

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Hibino (TSE:2469) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hibino Corp (TSE:2469) » Definitions » ROCE %

Traded in Other Exchanges

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Address

3-5-14, Konan, Minato-ku, Tokyo, JPN, 108-0075

Website

https://www.hibino.co.jp

Hibino Corp produces and sells audio equipment in Japan. It offers products and services in the Audio-Visual field. Its business activities are divided into Hibino visual division is engaged in the planning of large screens and video systems used for concerts and events, equipment rental, and operation. Hibino sound division offers a sound system for the concert, equipment rental, recording of concerts and events, studio recording, track down, and mastering. Hibino Professional Audio Sales division is engaged in the production and sale of professional audio equipment and acoustic system proposals for broadcasting stations, studios, halls, commercial facilities. Hibino Chromatec division develops and sells LED (light-emitting diode) display systems.

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