Asahi Intecc Co (TSE:7747) ROCE % : 14.40% (As of Dec. 2023)

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What is Asahi Intecc 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. Asahi Intecc Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.40%.

Asahi Intecc Co ROCE % Historical Data

The historical data trend for Asahi Intecc 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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Asahi Intecc Co ROCE % Chart

Asahi Intecc Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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22.85

16.68

14.56

13.50

12.86

Asahi Intecc 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															13.72	17.88	4.95	22.62	14.40

Asahi Intecc Co ROCE % Calculation

Asahi Intecc Co's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	18051	/	( ( (155127 - 20761)	+	(172644 - 26316) )	/ 2 )
	=	18051	/	( (134366	+	146328)	/ 2 )
	=	18051	/	140347
	=	12.86 %

Asahi Intecc 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 )
	=	21072	/	( ( (170819 - 25198)	+	(169091 - 21963) )	/ 2 )
	=	21072	/	( ( 145621	+	147128 )	/ 2 )
	=	21072	/	146374.5
	=	14.40 %

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

Asahi Intecc Co (TSE:7747) 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.

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Asahi Intecc Co (TSE:7747) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Asahi Intecc Co Ltd (TSE:7747) » Definitions » ROCE %

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AHICF:USA

Address

1703 Wakita-cho, Nagoya, JPN

Website

http://www.asahi-intecc.co.jp

Asahi Intecc Co Ltd develops, manufactures, and sells medical devices. The firm operates in two segments: medical and device. The medical segment generates the vast majority of revenue and sells a range of guide wires and catheters for treatment and examination. The device segment sells components to medical and industrial companies, such as hollow cable tubes, catheter delivery systems, and stainless steel rope. Asahi's products are used in a variety of industries, including the medical, construction, automobile, office automation equipment, and electric appliance industries. Asahi generates the largest proportion of its revenue in Japan.

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