Fuji Electric Co (TSE:6504) ROCE % : 12.76% (As of Dec. 2023)

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What is Fuji Electric 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. Fuji Electric Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.76%.

Fuji Electric Co ROCE % Historical Data

The historical data trend for Fuji Electric 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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Fuji Electric Co ROCE % Chart

Fuji Electric Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.23

10.20

12.66

13.34

15.18

Fuji Electric 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															26.03	11.13	11.17	12.76	27.05

Fuji Electric Co ROCE % Calculation

Fuji Electric 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 )
	=	116133	/	( ( (1181552 - 446826)	+	(1271174 - 475342) )	/ 2 )
	=	116133	/	( (734726	+	795832)	/ 2 )
	=	116133	/	765279
	=	15.18 %

Fuji Electric 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 )
	=	94524	/	( ( (1172933 - 434552)	+	(1194461 - 451006) )	/ 2 )
	=	94524	/	( ( 738381	+	743455 )	/ 2 )
	=	94524	/	740918
	=	12.76 %

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

Fuji Electric Co (TSE:6504) 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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Fuji Electric Co (TSE:6504) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fuji Electric Co Ltd (TSE:6504) » Definitions » ROCE %

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FELTY:USA FJE:Germany

Address

Gate City Ohsaki, East Tower, 11-2, Osaki 1-chome, Shinagawa-ku, Tokyo, JPN, 141-0032

Website

http://www.fujielectric.co.jp

Fuji Electric is a Japanese electrical equipment manufacturer and distributor that operates through five main segments: power electronic systems energy, power electronic systems energy industry, electronic devices, food and beverage distribution, and power generation. The main revenue drivers, power electronic systems energy and industry, include energy management, factory automation, and IT solutions. Electronic devices includes the manufacture and sale of semiconductors and magnetic disks. Food and beverage distribution offers vending machines across the world. The power generation segment provides design, manufacturing and on-site installation services. The firm generates most of its revenue in Asia, with some derived from Europe and the Americas.

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