Nippon Express Co (Nippon Express Co) ROCE % : 8.17% (As of Sep. 2021)

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What is Nippon Express 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. Nippon Express Co's annualized ROCE % for the quarter that ended in Sep. 2021 was 8.17%.

Nippon Express Co ROCE % Historical Data

The historical data trend for Nippon Express 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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Nippon Express Co ROCE % Chart

Nippon Express Co Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

ROCE %

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6.04

3.87

7.32

3.93

8.05

Nippon Express Co Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
ROCE %	Get a 7-Day Free Trial															11.05	6.03	8.48	8.17	10.98

Nippon Express Co ROCE % Calculation

Nippon Express Co's annualized ROCE % for the fiscal year that ended in Mar. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2021 )		(A: Mar. 2020 )		(A: Mar. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2021 )		(A: Mar. 2020 )		(A: Mar. 2021 )
	=	806.787	/	( ( (14099.332 - 4320.801)	+	(15012.59 - 4742.33) )	/ 2 )
	=	806.787	/	( (9778.531	+	10270.26)	/ 2 )
	=	806.787	/	10024.3955
	=	8.05 %

Nippon Express Co's ROCE % of for the quarter that ended in Sep. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	871.668	/	( ( (14457.661 - 3841.326)	+	(14427.574 - 3716.279) )	/ 2 )
	=	871.668	/	( ( 10616.335	+	10711.295 )	/ 2 )
	=	871.668	/	10663.815
	=	8.17 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

Nippon Express Co (OTCPK:NPEXF) 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.

Nippon Express Co ROCE % Related Terms

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Nippon Express Co (Nippon Express Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nippon Express Co Ltd (OTCPK:NPEXF) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

1-9-3, Higashi Shimbashi, Minato-ku, Tokyo, JPN, 105-8322

Website

http://www.nittsu.co.jp

Nippon Express is a Japanese transportation and logistics company. The company operates through segments classified by geography and function: Japan, the Americas, Europe, East Asia, South Asia and Oceania, security transportation, heavy haulage and construction, and logistics support. Each of the segments named for a region focuses on logistics, the primary engine for Nippon's revenue. These regional segments conduct air freight forwarding, marine and harbor transportation, and warehousing services. Japan is the largest, earning more revenue than the other regional segments combined. Logistics support is the second-highest earning segment, engaging in activities such as the sale of distribution equipment, packing materials, vehicles, and petroleum.

Nippon Express Co (Nippon Express Co) Headlines

From GuruFocus

Nippon Express Completes Acquisition of Equity Interests in MD Logistics and MD Express (Turning into Subsidiary)

By PRNewswire PRNewswire • 09-03-2020