Ichikoh Industries, (TSE:7244) ROCE % : 15.48% (As of Dec. 2023)

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What is Ichikoh Industries, 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. Ichikoh Industries,'s annualized ROCE % for the quarter that ended in Dec. 2023 was 15.48%.

Ichikoh Industries, ROCE % Historical Data

The historical data trend for Ichikoh Industries,'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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Ichikoh Industries, ROCE % Chart

Ichikoh Industries, Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.18

6.55

9.93

7.00

13.90

Ichikoh Industries, 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															11.14	16.75	2.88	20.76	15.48

Ichikoh Industries, ROCE % Calculation

Ichikoh Industries,'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 )
	=	9936	/	( ( (125915 - 58485)	+	(129417 - 53910) )	/ 2 )
	=	9936	/	( (67430	+	75507)	/ 2 )
	=	9936	/	71468.5
	=	13.90 %

Ichikoh Industries,'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 )
	=	11440	/	( ( (127080 - 54758)	+	(129417 - 53910) )	/ 2 )
	=	11440	/	( ( 72322	+	75507 )	/ 2 )
	=	11440	/	73914.5
	=	15.48 %

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

Ichikoh Industries, (TSE:7244) 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.

Ichikoh Industries, ROCE % Related Terms

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Ichikoh Industries, (TSE:7244) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ichikoh Industries, Ltd (TSE:7244) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Itado, Isehara, Kanagawa, JPN, 259-1192

Website

http://www.ichikoh.com

Ichikoh Industries, Ltd is engaged in the manufacture & sale of automobile components and sports goods. It offers automotive lamps and mirrors, including headlamps, rearview mirrors, high-intensity discharge headlamp units, electric foldaway and mirrors.

Ichikoh Industries, (TSE:7244) Headlines

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