Nissin Shoji Co (TSE:7490) ROCE % : 4.14% (As of Dec. 2023)

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What is Nissin Shoji 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. Nissin Shoji Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.14%.

Nissin Shoji Co ROCE % Historical Data

The historical data trend for Nissin Shoji 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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Nissin Shoji Co ROCE % Chart

Nissin Shoji Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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2.16

2.18

8.60

3.37

2.65

Nissin Shoji 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															3.53	-2.02	2.88	5.26	4.14

Nissin Shoji Co ROCE % Calculation

Nissin Shoji 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 )
	=	732.59	/	( ( (33924.907 - 6381.219)	+	(35062.076 - 7321.638) )	/ 2 )
	=	732.59	/	( (27543.688	+	27740.438)	/ 2 )
	=	732.59	/	27642.063
	=	2.65 %

Nissin Shoji 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 )
	=	1265.836	/	( ( (37712.639 - 7604.744)	+	(37845.814 - 6857.949) )	/ 2 )
	=	1265.836	/	( ( 30107.895	+	30987.865 )	/ 2 )
	=	1265.836	/	30547.88
	=	4.14 %

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

Nissin Shoji Co (TSE:7490) 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.

Nissin Shoji Co ROCE % Related Terms

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Nissin Shoji Co (TSE:7490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nissin Shoji Co Ltd (TSE:7490) » Definitions » ROCE %

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Address

1-12-3 Shibaura, Minato-ku, 4th Foor, Daiwa Shibaura Building, Tokyo, JPN, 105-0023

Website

https://www.nissin-shoji.co.jp

Nissin Shoji Co Ltd is engaged in the sale of general petroleum products, petrochemical products, synthetic resin products, liquefied petroleum gas, and by-products. The company is also involved in real estate rental business, eating and drinking business, leasing of automobiles and automobile supplies, manufacture and sale of beverages, manufacture, and sale of agricultural materials, agency business related to telecommunications equipment sales and telecommunications service, and other business-related to power generation and power distribution.

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