Hagiwara Electric Holdings Co (TSE:7467) ROCE % : 8.65% (As of Dec. 2023)

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What is Hagiwara Electric Holdings 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. Hagiwara Electric Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.65%.

Hagiwara Electric Holdings Co ROCE % Historical Data

The historical data trend for Hagiwara Electric Holdings 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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Hagiwara Electric Holdings Co ROCE % Chart

Hagiwara Electric Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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12.09

10.50

8.73

10.07

12.66

Hagiwara Electric Holdings 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															10.32	15.34	14.76	11.93	8.65

Hagiwara Electric Holdings Co ROCE % Calculation

Hagiwara Electric Holdings 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 )
	=	7264	/	( ( (82482 - 36531)	+	(106577 - 37774) )	/ 2 )
	=	7264	/	( (45951	+	68803)	/ 2 )
	=	7264	/	57377
	=	12.66 %

Hagiwara Electric Holdings 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 )
	=	6428	/	( ( (115328 - 41698)	+	(120279 - 45338) )	/ 2 )
	=	6428	/	( ( 73630	+	74941 )	/ 2 )
	=	6428	/	74285.5
	=	8.65 %

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

Hagiwara Electric Holdings Co (TSE:7467) 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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Hagiwara Electric Holdings Co (TSE:7467) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hagiwara Electric Holdings Co Ltd (TSE:7467) » Definitions » ROCE %

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Address

Takakado Park Building No. 2, Higashi-Sakura 2 - chome Higashi ku, Nagoya, JPN, 461-8520

Website

http://www.hagiwara.co.jp

Hagiwara Electric Holdings Co Ltd provides solutions as a technology trading company in various fields such as cars, manufacturing, infrastructure, medicine. It is engaged in the sales and development services of electronic devices; sales and system integration of IT devices; development, production, and sales of electronic and information products and provision of complete solutions.

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