Chino (TSE:6850) ROCE % : 11.79% (As of Dec. 2023)

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What is Chino 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. Chino's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.79%.

Chino ROCE % Historical Data

The historical data trend for Chino'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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Chino ROCE % Chart

Chino Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.59

8.86

8.64

7.44

9.41

Chino 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															9.72	15.37	7.42	9.33	11.79

Chino ROCE % Calculation

Chino'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 )
	=	2312	/	( ( (31545 - 8216)	+	(36289 - 10489) )	/ 2 )
	=	2312	/	( (23329	+	25800)	/ 2 )
	=	2312	/	24564.5
	=	9.41 %

Chino'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 )
	=	3092	/	( ( (36007 - 9917)	+	(35892 - 9512) )	/ 2 )
	=	3092	/	( ( 26090	+	26380 )	/ 2 )
	=	3092	/	26235
	=	11.79 %

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

Chino (TSE:6850) 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.

Chino ROCE % Related Terms

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Chino (TSE:6850) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chino Corp (TSE:6850) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

32-8, Kumano-cho, Itabashi-Ku, Tokyo, JPN, 173-8632

Website

http://www.chino.co.jp

Chino Corp is engaged in the manufacture and sale of instrumentation and control equipment. The product line includes - temperature sensors, infrared radiation thermometers, recorders, data loggers, temperature calibration equipment, fuel cell testing systems, compressor performance testing systems, and instrumentation components.

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