Airtech Japan (TSE:6291) ROCE % : 0.93% (As of Dec. 2023)

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What is Airtech Japan 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. Airtech Japan's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.93%.

Airtech Japan ROCE % Historical Data

The historical data trend for Airtech Japan'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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Airtech Japan ROCE % Chart

Airtech Japan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.31

12.95

16.03

9.52

6.85

Airtech Japan 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															6.74	12.08	9.99	4.73	0.93

Airtech Japan ROCE % Calculation

Airtech Japan'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 )
	=	1020.213	/	( ( (19976.404 - 5083.142)	+	(19589.389 - 4691.151) )	/ 2 )
	=	1020.213	/	( (14893.262	+	14898.238)	/ 2 )
	=	1020.213	/	14895.75
	=	6.85 %

Airtech Japan'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 )
	=	138.26	/	( ( (19733.853 - 4851.108)	+	(19589.389 - 4691.151) )	/ 2 )
	=	138.26	/	( ( 14882.745	+	14898.238 )	/ 2 )
	=	138.26	/	14890.4915
	=	0.93 %

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

Airtech Japan (TSE:6291) 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.

Airtech Japan ROCE % Related Terms

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Airtech Japan (TSE:6291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Airtech Japan Ltd (TSE:6291) » Definitions » ROCE %

Comparable Companies

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Address

No. 14, Iriya 1 - chome, Taito-ku, Tokyo, JPN, 110-8686

Website

http://www.airtech.co.jp

Airtech Japan Ltd is engaged as a manufacturer of clean air system, manufacture and sell clean room, clean bench, and biohazard system. The products of the company include sterile operating room, dust removal air shower, double air shower, and air knife type pass box.

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