Daiwa Heavy Industry Co (TSE:5610) ROCE % : 2.90% (As of Dec. 2023)

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What is Daiwa Heavy Industry 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. Daiwa Heavy Industry Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.90%.

Daiwa Heavy Industry Co ROCE % Historical Data

The historical data trend for Daiwa Heavy Industry 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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Daiwa Heavy Industry Co ROCE % Chart

Daiwa Heavy Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.64

-5.12

-5.63

2.33

3.26

Daiwa Heavy Industry 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															7.95	-3.52	8.83	3.91	2.90

Daiwa Heavy Industry Co ROCE % Calculation

Daiwa Heavy Industry Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	115.04	/	( ( (5971.418 - 2683.897)	+	(6435.653 - 2668.225) )	/ 2 )
	=	115.04	/	( (3287.521	+	3767.428)	/ 2 )
	=	115.04	/	3527.4745
	=	3.26 %

Daiwa Heavy Industry 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 )
	=	109.792	/	( ( (6549.695 - 2742.445)	+	(6435.653 - 2668.225) )	/ 2 )
	=	109.792	/	( ( 3807.25	+	3767.428 )	/ 2 )
	=	109.792	/	3787.339
	=	2.90 %

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

Daiwa Heavy Industry Co (TSE:5610) 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.

Daiwa Heavy Industry Co ROCE % Related Terms

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Daiwa Heavy Industry Co (TSE:5610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Daiwa Heavy Industry Co Ltd (TSE:5610) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

KOBE 1 - chome 21 - 23, Yasagi-ku, Hiroshima, JPN, 7310221

Website

http://www.daiwajuko.co.jp

Daiwa Heavy Industry Co., Ltd. manufactures and processes castings for industry and home use. The operates through two divisions, industrial machinery related equipment division and housing-related equipment division. In the industrial machinery-related equipment division, it covers a range of castings in all areas. On the other hand, the housing-related equipment division is focusing on the casting enamel bathtub. The company is also putting efforts into landscape products and cast iron equipment for construction.

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