The Japan Steel Works (The Japan Steel Works) ROCE % : 10.84% (As of Dec. 2023)

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What is The Japan Steel Works 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. The Japan Steel Works's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.84%.

The Japan Steel Works ROCE % Historical Data

The historical data trend for The Japan Steel Works'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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The Japan Steel Works ROCE % Chart

The Japan Steel Works Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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15.41

7.61

6.55

9.20

8.47

The Japan Steel Works 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															5.24	23.96	6.46	6.43	10.84

The Japan Steel Works ROCE % Calculation

The Japan Steel Works'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 )
	=	140.112	/	( ( (2865.04 - 1133.547)	+	(2606.216 - 1028.038) )	/ 2 )
	=	140.112	/	( (1731.493	+	1578.178)	/ 2 )
	=	140.112	/	1654.8355
	=	8.47 %

The Japan Steel Works'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 )
	=	158.772	/	( ( (2375.799 - 939.511)	+	(2519.713 - 1026.069) )	/ 2 )
	=	158.772	/	( ( 1436.288	+	1493.644 )	/ 2 )
	=	158.772	/	1464.966
	=	10.84 %

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

The Japan Steel Works (OTCPK:JPSWY) 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.

The Japan Steel Works ROCE % Related Terms

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The Japan Steel Works (The Japan Steel Works) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Japan Steel Works Ltd (OTCPK:JPSWY) » Definitions » ROCE %

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Traded in Other Exchanges

5631:Japan J9R:Germany

Address

Gate City Ohsaki-West Tower, 11-1, Osaki 1-chome, Shinagawa-ku, Tokyo, JPN, 141-0032

Website

http://www.jsw.co.jp

The Japan Steel Works Ltd is a Japan-based company that primarily operates through two segments. The steel and energy products segment provides steel components for turbine shafts, steel components for nuclear reactors, steel casting for power plant turbines, oil refining equipment, high-pressure steel tankers, wind turbine systems, and various other steel products. The industrial machinery products segment offers polyolefin pelletizers, injection molding machines, extruders, film and sheet machines, blow molding machines, defense equipment, and other industrial machinery and related services and solutions. The company generates the majority of its sales from Japan and China.