Fanuc (FANUF) ROCE % : 9.56% (As of Dec. 2023)

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What is Fanuc 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. Fanuc's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.56%.

Fanuc ROCE % Historical Data

The historical data trend for Fanuc'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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Fanuc ROCE % Chart

Fanuc Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.19

7.72

11.34

10.93

7.75

Fanuc 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															10.63	7.47	7.68	9.56	7.77

Fanuc ROCE % Calculation

Fanuc'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 )
	=	947.272	/	( ( (14016.727 - 1376.246)	+	(12855.794 - 1047.2) )	/ 2 )
	=	947.272	/	( (12640.481	+	11808.594)	/ 2 )
	=	947.272	/	12224.5375
	=	7.75 %

Fanuc'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 )
	=	1135.896	/	( ( (13028.841 - 1172.924)	+	(12923.82 - 1011.998) )	/ 2 )
	=	1135.896	/	( ( 11855.917	+	11911.822 )	/ 2 )
	=	1135.896	/	11883.8695
	=	9.56 %

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

Fanuc (OTCPK:FANUF) 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.

Fanuc ROCE % Related Terms

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Fanuc (FANUF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fanuc Corp (OTCPK:FANUF) » Definitions » ROCE %

Comparable Companies

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FANUY:USA 6954:Japan FUC:Germany

Address

3580, Shibokusa, Oshino-mura, Minamitsuru-gun, Yamanashi, JPN, 401-0597

Website

http://www.fanuc.co.jp

Fanuc provides factory automation products, such as industrial robots, computerized numerical control systems, and compact machining centers (Robodrills) globally. The company had its beginnings as part of Fujitsu developing early numerical control systems and now commands the top global market share with its CNC systems and industrial robots.