Niterra Co (TSE:5334) ROCE % : 17.55% (As of Dec. 2023)

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What is Niterra 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. Niterra Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.55%.

Niterra Co ROCE % Historical Data

The historical data trend for Niterra 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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Niterra Co ROCE % Chart

Niterra Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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11.83

9.72

9.11

12.89

13.25

Niterra 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															16.37	5.66	19.87	15.71	17.55

Niterra Co ROCE % Calculation

Niterra 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 )
	=	95193	/	( ( (823181 - 135607)	+	(903102 - 153907) )	/ 2 )
	=	95193	/	( (687574	+	749195)	/ 2 )
	=	95193	/	718384.5
	=	13.25 %

Niterra 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 )
	=	136044	/	( ( (950052 - 171326)	+	(927154 - 155204) )	/ 2 )
	=	136044	/	( ( 778726	+	771950 )	/ 2 )
	=	136044	/	775338
	=	17.55 %

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

Niterra Co (TSE:5334) 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.

Niterra Co ROCE % Related Terms

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Niterra Co (TSE:5334) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Niterra Co Ltd (TSE:5334) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NGK:Germany

Address

14-18, Takatsuji-cho, Mizuho-ku, Nagoya, JPN, 467-8525

Website

http://www.ngkntk.co.jp

Niterra Co Ltd is a producer of spark plugs for internal combustion engines in the automotive industry and various ceramic products and tools. Under its two brands NGK Spark Plugs and NTK Technical Ceramics, the company produces spark plugs, glow plugs, sensors, semiconductor packages, cutting tools, medical products, and fine ceramics. NGK's largest end markets are Asia including Japan, North America, and Europe. The company produces in Japan and Brazil, while subsidiaries across the globe assemble and sell parts in their respective regions. The automotive components division generates the lion's share of sales for NGK Spark Plug.

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