Dai Nippon Printing Co (Dai Nippon Printing Co) ROCE % : 8.43% (As of Dec. 2023)

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What is Dai Nippon Printing 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. Dai Nippon Printing Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.43%.

Dai Nippon Printing Co ROCE % Historical Data

The historical data trend for Dai Nippon Printing 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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Dai Nippon Printing Co ROCE % Chart

Dai Nippon Printing Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-1.22

8.31

3.57

8.46

7.80

Dai Nippon Printing 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															13.66	9.07	21.27	4.70	8.43

Dai Nippon Printing Co ROCE % Calculation

Dai Nippon Printing 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 )
	=	901.011	/	( ( (15826.346 - 3424.835)	+	(13693.888 - 2981.881) )	/ 2 )
	=	901.011	/	( (12401.511	+	10712.007)	/ 2 )
	=	901.011	/	11556.759
	=	7.80 %

Dai Nippon Printing 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 )
	=	852.248	/	( ( (12603.463 - 2661.909)	+	(13112.254 - 2843.497) )	/ 2 )
	=	852.248	/	( ( 9941.554	+	10268.757 )	/ 2 )
	=	852.248	/	10105.1555
	=	8.43 %

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

Dai Nippon Printing Co (OTCPK:DNPLY) 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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Dai Nippon Printing Co (Dai Nippon Printing Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Dai Nippon Printing Co Ltd (OTCPK:DNPLY) » Definitions » ROCE %

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Traded in Other Exchanges

DNPCF:USA 7912:Japan

Address

1-1, Ichigaya-Kagacho, 1-chome, Shinjuku-ku, Tokyo, JPN, 162-8001

Website

https://www.dnp.co.jp

Dai Nippon Printing is a provider of printing services. The company offers publishing and printing solutions used for printing magazines, newspapers, textbooks, catalogs, calendars, flyers, pamphlets, and posters, as well as personalized mail, smart cards, SIM cards, merchandise vouchers, bank books, and business forms. Dai Nippon Printing also produces packaging for processed foods, toiletries and pharmaceuticals, barrier film for packages, biomass plastic film, PET plastic bottles, and aseptic filling systems, as well as display components such as LCDs, optical films, semiconductor photomasks, hard-disk suspensions, camera modules, near-field communication modules, and electronic paper display systems. The company operates primarily in Japan.