AGC (ASGLY) ROCE %

: 5.12% (As of Dec. 2023)

View and export this data going back to 1983. Start your Free Trial

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. AGC's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.12%.

AGC ROCE % Historical Data

The historical data trend for AGC'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.

* Premium members only.

AGC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

5.03

3.51

10.26

2.95

6.31

AGC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																-19.13	7.73	6.15	7.17	5.12

AGC ROCE % Calculation

AGC's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	986.321	/	( ( (20857.823 - 4966.09)	+	(20370.61 - 4981.876) )	/ 2 )
	=	986.321	/	( (15891.733	+	15388.734)	/ 2 )
	=	986.321	/	15640.2335
	=	6.31 %

AGC'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 )
	=	776.796	/	( ( (20207.954 - 5230.579)	+	(20370.61 - 4981.876) )	/ 2 )
	=	776.796	/	( ( 14977.375	+	15388.734 )	/ 2 )
	=	776.796	/	15183.0545
	=	5.12 %

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

AGC (OTCPK:ASGLY) 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.

AGC ROCE % Related Terms

Thank you for viewing the detailed overview of AGC's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

AGC (ASGLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AGC Inc (OTCPK:ASGLY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ASGLF:USA 5201:Japan SHJ:Germany

Address

1-5-1, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8405

Website

https://www.agc.com

AGC Inc produces and sells glass and glass-related products in two segments based on product type: Automotive glass and Float glass. The Automotive glass segment, which generates the majority of revenue, is the largest automotive glass supplier in India. The Float glass segment manufactures and sells glass products to the architectural, interior design, and construction industries. The segment also produces solar glass, which is used for solar power generation. Nearly all of the company's revenue comes from India.

AGC (ASGLY) Headlines

From GuruFocus

AGC: The World's Largest Glass Manufacturer

By Holmes Osborne, CFA Holmes Osborne, CFA • 04-18-2019