Klass (TSE:6233) ROCE % : -2.45% (As of Dec. 2023)

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What is Klass 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. Klass's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.45%.

Klass ROCE % Historical Data

The historical data trend for Klass'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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Klass ROCE % Chart

Klass Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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5.89

3.28

7.10

4.32

3.59

Klass 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															1.87	12.07	-1.60	1.48	-2.45

Klass ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	199.871	/	( ( (10430.851 - 5016.83)	+	(10575.752 - 4854.202) )	/ 2 )
	=	199.871	/	( (5414.021	+	5721.55)	/ 2 )
	=	199.871	/	5567.7855
	=	3.59 %

Klass'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 )
	=	-138.428	/	( ( (10575.752 - 4854.202)	+	(10041.766 - 4452.967) )	/ 2 )
	=	-138.428	/	( ( 5721.55	+	5588.799 )	/ 2 )
	=	-138.428	/	5655.1745
	=	-2.45 %

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

Klass (TSE:6233) 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.

Klass ROCE % Related Terms

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Klass (TSE:6233) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Klass Corp (TSE:6233) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

190 Hikai, Tatsuno-cho, Hyogo prefecture, 190 Hikai, Tatsuno-cho, Tatsuno, JPN, 699-4195

Website

https://www.klass-corp.co.jp

Klass Corp is a Japan-based machinery manufacturer. The company is mainly engaged in the development, manufacturing, and sale of various automatic and labor-saving machines. Products offered by the company include wallpaper-pasting, floor construction equipment, curtain manufacturing equipment, laminating machine, Tatami manufacturing equipment, sliding door manufacturing equipment, kitchen equipment, and solar power.

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