Nihon Dempa Kogyo Co (TSE:6779) ROCE % : 10.65% (As of Dec. 2023)

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What is Nihon Dempa Kogyo 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. Nihon Dempa Kogyo Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.65%.

Nihon Dempa Kogyo Co ROCE % Historical Data

The historical data trend for Nihon Dempa Kogyo 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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Nihon Dempa Kogyo Co ROCE % Chart

Nihon Dempa Kogyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.85

-31.40

9.24

11.13

16.79

Nihon Dempa Kogyo 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															20.53	12.48	4.64	10.33	10.65

Nihon Dempa Kogyo Co ROCE % Calculation

Nihon Dempa Kogyo 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 )
	=	8432	/	( ( (61220 - 13141)	+	(64162 - 11777) )	/ 2 )
	=	8432	/	( (48079	+	52385)	/ 2 )
	=	8432	/	50232
	=	16.79 %

Nihon Dempa Kogyo 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 )
	=	5492	/	( ( (65687 - 14078)	+	(63773 - 12289) )	/ 2 )
	=	5492	/	( ( 51609	+	51484 )	/ 2 )
	=	5492	/	51546.5
	=	10.65 %

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

Nihon Dempa Kogyo Co (TSE:6779) 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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Nihon Dempa Kogyo Co (TSE:6779) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nihon Dempa Kogyo Co Ltd (TSE:6779) » Definitions » ROCE %

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Address

Merkmal Keio Sasazuka Building, 1-47-1, Sasazuka, Shibuya-ku, Tokyo, JPN, 151-8569

Website

http://www.ndk.com/jp/index.html

Nihon Dempa Kogyo Co., Ltd. is a Japanese based company engaged in the manufacturing and sale of quartz crystal devices. Its product portfolio includes crystal unit, crystal clock oscillators, simple packaged crystal oscillators (SPXO), crystal filters, temperature compensated crystal oscillators (TCXO), bio sensor, frequency synthesizer, crystal blank, optical low-pass filter, ultrasonic probe among others. Its products are used in automotive, smartphone, network equipment, digital camera, game console, personal computers and digital consumer electronics. Its market coverage includes sales in Japan, America, Europe, and Asia.

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