Japan Insulation Co (TSE:5368) ROCE % : 10.05% (As of Dec. 2023)

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What is Japan Insulation 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. Japan Insulation Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.05%.

Japan Insulation Co ROCE % Historical Data

The historical data trend for Japan Insulation 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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Japan Insulation Co ROCE % Chart

Japan Insulation Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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14.24

18.28

14.34

14.67

8.04

Japan Insulation Co Quarterly Data
	Mar18	Mar19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial														4.83	12.66	7.60	13.07	10.05

Japan Insulation Co ROCE % Calculation

Japan Insulation 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 )
	=	1084.832	/	( ( (16450.73 - 3093.687)	+	(16323.796 - 2701.214) )	/ 2 )
	=	1084.832	/	( (13357.043	+	13622.582)	/ 2 )
	=	1084.832	/	13489.8125
	=	8.04 %

Japan Insulation 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 )
	=	1409.36	/	( ( (16964.661 - 3139.916)	+	(17230.081 - 3007.755) )	/ 2 )
	=	1409.36	/	( ( 13824.745	+	14222.326 )	/ 2 )
	=	1409.36	/	14023.5355
	=	10.05 %

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

Japan Insulation Co (TSE:5368) 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.

Japan Insulation Co ROCE % Related Terms

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Japan Insulation Co (TSE:5368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Japan Insulation Co Ltd (TSE:5368) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beside Kiba 3rd Floor, 2-17-16, Kiba, Koto-ku, Tokyo, JPN, 135-0042

Website

https://www.jic-bestork.co.jp

Japan Insulation Co Ltd is engaged in manufacturing and selling heat insulating materials made of Xonotlite-type calcium silicate. The company develops, produces, and sells disaster prevention materials to disturb a fire, including fireproof and non-combustible materials for buildings, non-combustible interior materials for ships, thermal insulation materials for plant equipment, fireproof materials for telecommunication cables for bridges and tunnels, boards for processing sculptures and signboards, and lightweight and highly heat resistant inorganic powder.

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