ITOCHU-SHOKUHIN Co (TSE:2692) ROCE % : 15.55% (As of Dec. 2023)

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What is ITOCHU-SHOKUHIN 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. ITOCHU-SHOKUHIN Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.55%.

ITOCHU-SHOKUHIN Co ROCE % Historical Data

The historical data trend for ITOCHU-SHOKUHIN 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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ITOCHU-SHOKUHIN Co ROCE % Chart

ITOCHU-SHOKUHIN Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.15

5.97

6.27

6.88

8.15

ITOCHU-SHOKUHIN Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-4.27	9.91	8.13	15.55	-0.89

ITOCHU-SHOKUHIN Co ROCE % Calculation

ITOCHU-SHOKUHIN Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	9368	/	( ( (246617 - 137072)	+	(274496 - 154086) )	/ 2 )
	=	9368	/	( (109545	+	120410)	/ 2 )
	=	9368	/	114977.5
	=	8.15 %

ITOCHU-SHOKUHIN 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 )
	=	18148	/	( ( (287465 - 171184)	+	(316601 - 199484) )	/ 2 )
	=	18148	/	( ( 116281	+	117117 )	/ 2 )
	=	18148	/	116699
	=	15.55 %

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

ITOCHU-SHOKUHIN Co (TSE:2692) 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.

ITOCHU-SHOKUHIN Co ROCE % Related Terms

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ITOCHU-SHOKUHIN Co (TSE:2692) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » ITOCHU-SHOKUHIN Co Ltd (TSE:2692) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2-22 Shiromi, Chuo-ku, Osaka, JPN, 540-8522

Website

http://www.itochu-shokuhin.com

ITOCHU-SHOKUHIN Co Ltd is a Japan-based wholesale and distribution of Food company. It is mainly engaged in the sale of food and beverages. Its business division includes The Food Wholesale division which is engaged in the purchase and wholesale of food products and alcohol, the storage and transportation of its products, the provision of information regarding various products, as well as the merchandising business related to product distribution. The others division is involved in the logistics management and transportation business, the retail business, the service business, as well as the food product manufacturing business.

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