Aida Engineering (Aida Engineering) ROCE % : 2.12% (As of Dec. 2023)

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What is Aida Engineering 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. Aida Engineering's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.12%.

Aida Engineering ROCE % Historical Data

The historical data trend for Aida Engineering'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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Aida Engineering ROCE % Chart

Aida Engineering Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.85

7.80

3.48

1.99

2.18

Aida Engineering 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															2.03	3.18	3.49	4.53	2.12

Aida Engineering ROCE % Calculation

Aida Engineering'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 )
	=	14.753	/	( ( (960.832 - 237.398)	+	(869.993 - 238.56) )	/ 2 )
	=	14.753	/	( (723.434	+	631.433)	/ 2 )
	=	14.753	/	677.4335
	=	2.18 %

Aida Engineering'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 )
	=	12.528	/	( ( (818.776 - 235.984)	+	(843.449 - 245.615) )	/ 2 )
	=	12.528	/	( ( 582.792	+	597.834 )	/ 2 )
	=	12.528	/	590.313
	=	2.12 %

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

Aida Engineering (OTCPK:ADERY) 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.

Aida Engineering ROCE % Related Terms

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Aida Engineering (Aida Engineering) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aida Engineering Ltd (OTCPK:ADERY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6118:Japan

Address

2-10 Ohyama-cho, Sagamihara, JPN, 2291181

Website

http://www.aida.co.jp

Aida Engineering Ltd is a Japan-based company that manufactures, sells, and services press machines and their ancillary facilities. The company's principal products comprise general-purpose servo presses, midsize and large servo presses, precision forming presses, general-purpose presses, midsize and large presses, high-speed automatic presses, cold forging presses, transfer feeders, coil feeders, and tooling dies. The company's services include overhaul, preventative maintenance, press inspections, machine relocation, and others. The company generates sales in Japan, Asia, the Americas, and Europe.

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