Roland DG (TSE:6789) ROCE % : 10.17% (As of Mar. 2024)

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What is Roland DG 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. Roland DG's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.17%.

Roland DG ROCE % Historical Data

The historical data trend for Roland DG'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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Roland DG ROCE % Chart

Roland DG Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.10

3.08

15.47

17.89

14.27

Roland DG 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															15.16	16.48	13.56	13.41	10.17

Roland DG ROCE % Calculation

Roland DG'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 )
	=	5654.39	/	( ( (46027.282 - 9656.004)	+	(54283.654 - 11407.464) )	/ 2 )
	=	5654.39	/	( (36371.278	+	42876.19)	/ 2 )
	=	5654.39	/	39623.734
	=	14.27 %

Roland DG's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	4391.116	/	( ( (54283.654 - 11407.464)	+	(55363.467 - 11859.957) )	/ 2 )
	=	4391.116	/	( ( 42876.19	+	43503.51 )	/ 2 )
	=	4391.116	/	43189.85
	=	10.17 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Roland DG (TSE:6789) 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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Roland DG (TSE:6789) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Roland DG Corp (TSE:6789) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RLDGF:USA 06R:Germany

Address

1-6-4 Shinmiyakoda, Kita-ku, Hamamatsu-shi, Shizuoka-ken, JPN, 421-2103

Website

http://www.rolanddg.co.jp

Roland DG Corp is a Japanese based manufacturer of computer peripherals. The company offers products and solutions for digital printing, dental, medical, and 3D digital fabrication. It offers various products including wide-format color inkjet printers, inkjet printer, cutters, vinyl cutting machines, 3D milling machines, 3D printers, engraving machines, dental milling machines, dental 3D printers, and photo impact printers.

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