NITCHITSU Co (TSE:7021) ROCE % : 1.51% (As of Dec. 2023)

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What is NITCHITSU 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. NITCHITSU Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.51%.

NITCHITSU Co ROCE % Historical Data

The historical data trend for NITCHITSU 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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NITCHITSU Co ROCE % Chart

NITCHITSU Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.14

1.37

-1.19

-0.42

-1.87

NITCHITSU 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															-7.41	-1.80	-0.50	3.08	1.51

NITCHITSU Co ROCE % Calculation

NITCHITSU 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 )
	=	-222.857	/	( ( (14986.212 - 2866.902)	+	(14987.947 - 3308.11) )	/ 2 )
	=	-222.857	/	( (12119.31	+	11679.837)	/ 2 )
	=	-222.857	/	11899.5735
	=	-1.87 %

NITCHITSU 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 )
	=	180.848	/	( ( (14867.49 - 2915.995)	+	(14656.875 - 2641.757) )	/ 2 )
	=	180.848	/	( ( 11951.495	+	12015.118 )	/ 2 )
	=	180.848	/	11983.3065
	=	1.51 %

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

NITCHITSU Co (TSE:7021) 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.

NITCHITSU Co ROCE % Related Terms

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NITCHITSU Co (TSE:7021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NITCHITSU Co Ltd (TSE:7021) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-11-30 Akasaka, Minato-ku, Tokyo, JPN, 107-0052

Website

http://www.nitchitsu.co.jp

NITCHITSU CO., Ltd. is the diversified industrial machinery manufacturing company. It is organized into four business units - Machinery related business, Resource related business, Real estate related business, and Material related business. The Machinery related business manufactures and sells air preheaters and their elements, marine equipment and industrial equipment. The Resource related business is engaged in the mining, processing and selling of crystalline limestone. The Real estate related business is engaged in the property leasing activities. The Material division manufactures and sells heat-resistant paints and purchase, process and sell of linatex.

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