Pacific Industrial Co (TSE:7250) ROCE % : 8.44% (As of Dec. 2023)

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What is Pacific Industrial 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. Pacific Industrial Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.44%.

Pacific Industrial Co ROCE % Historical Data

The historical data trend for Pacific Industrial 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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Pacific Industrial Co ROCE % Chart

Pacific Industrial Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.16

6.26

7.48

6.50

12.06

Pacific Industrial Co 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															9.01	10.07	9.22	8.44	20.05

Pacific Industrial Co ROCE % Calculation

Pacific Industrial Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	26781	/	( ( (258058 - 52635)	+	(292455 - 53678) )	/ 2 )
	=	26781	/	( (205423	+	238777)	/ 2 )
	=	26781	/	222100
	=	12.06 %

Pacific Industrial 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 )
	=	19044	/	( ( (278756 - 51076)	+	(280857 - 57012) )	/ 2 )
	=	19044	/	( ( 227680	+	223845 )	/ 2 )
	=	19044	/	225762.5
	=	8.44 %

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

Pacific Industrial Co (TSE:7250) 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.

Pacific Industrial Co ROCE % Related Terms

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Pacific Industrial Co (TSE:7250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pacific Industrial Co Ltd (TSE:7250) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Kyutoku-Cho, Ogaki, Gifu, JPN, 503-8603

Website

http://www.pacific-ind.co.jp

Pacific Industrial Co Ltd is a manufacturer and developer of automotive parts and electronic parts and technology. The firm has Tire valve business, Stamping and Molding business, Control devices business and TPMS business segments. Its products and services include tire pressure, tire valve products, stamping and moulding products, control devices products and IC modules.

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