Kyowa Leather Cloth Co (TSE:3553) ROCE % : 13.89% (As of Dec. 2023)

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What is Kyowa Leather Cloth 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. Kyowa Leather Cloth Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.89%.

Kyowa Leather Cloth Co ROCE % Historical Data

The historical data trend for Kyowa Leather Cloth 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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Kyowa Leather Cloth Co ROCE % Chart

Kyowa Leather Cloth Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.10

5.42

6.31

1.60

7.07

Kyowa Leather Cloth 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															4.24	3.76	7.02	13.89	3.83

Kyowa Leather Cloth Co ROCE % Calculation

Kyowa Leather Cloth 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 )
	=	2722	/	( ( (52951 - 15925)	+	(60653 - 20702) )	/ 2 )
	=	2722	/	( (37026	+	39951)	/ 2 )
	=	2722	/	38488.5
	=	7.07 %

Kyowa Leather Cloth 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 )
	=	5340	/	( ( (55747 - 17709)	+	(58423 - 19560) )	/ 2 )
	=	5340	/	( ( 38038	+	38863 )	/ 2 )
	=	5340	/	38450.5
	=	13.89 %

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

Kyowa Leather Cloth Co (TSE:3553) 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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Kyowa Leather Cloth Co (TSE:3553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kyowa Leather Cloth Co Ltd (TSE:3553) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1876 Higashi-machi, Minami-ku, Shizuoka Prefecture, Hamamatsu, JPN, 30-8510

Website

http://www.kyowale.co.jp

Kyowa Leather Cloth Co Ltd is a Japan-based chemical manufacturer. The company is mainly engaged in the manufacturing, processing, and sales of various synthetic resin products. It operates in Automotive, Housing and Fashion and lifestyle business divisions. Kyowa offers synthetic leather cover materials for automotive interiors, decorative products like wall covering paper or film, wood paneling for furniture, interior doors and walls, steel laminated decorative film, polyvinyl chloride (PVC) products consisting of handbags, shoes, and accessories.

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