Isamu Paint Co (TSE:4624) ROCE % : 6.70% (As of Dec. 2023)

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What is Isamu Paint 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. Isamu Paint Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.70%.

Isamu Paint Co ROCE % Historical Data

The historical data trend for Isamu Paint 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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Isamu Paint Co ROCE % Chart

Isamu Paint Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.28

4.76

4.48

3.45

3.66

Isamu Paint Co 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															4.98	2.82	5.95	4.42	6.70

Isamu Paint Co ROCE % Calculation

Isamu Paint Co'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 )
	=	634.894	/	( ( (19143.135 - 2026.371)	+	(19859.621 - 2263.223) )	/ 2 )
	=	634.894	/	( (17116.764	+	17596.398)	/ 2 )
	=	634.894	/	17356.581
	=	3.66 %

Isamu Paint Co'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 )
	=	1210.244	/	( ( (20513.522 - 2557.959)	+	(20714.278 - 2566.148) )	/ 2 )
	=	1210.244	/	( ( 17955.563	+	18148.13 )	/ 2 )
	=	1210.244	/	18051.8465
	=	6.70 %

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

Isamu Paint Co (TSE:4624) 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.

Isamu Paint Co ROCE % Related Terms

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Isamu Paint Co (TSE:4624) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Isamu Paint Co Ltd (TSE:4624) » Definitions » ROCE %

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N/A

Address

2-15-24 Sagisu Fukushima-ku, Osaka, JPN

Website

http://www.isamu.co.jp

Isamu Paint Co., Ltd. is a Japan-based company engages in the manufacture and sale of paints, solvents and building materials. It is also involved in the painting work and waterproof construction.

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