Nippon Telegraph & Telephone (TSE:9432) ROCE % : 11.09% (As of Dec. 2023)

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What is Nippon Telegraph & Telephone 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. Nippon Telegraph & Telephone's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.09%.

Nippon Telegraph & Telephone ROCE % Historical Data

The historical data trend for Nippon Telegraph & Telephone'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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Nippon Telegraph & Telephone ROCE % Chart

Nippon Telegraph & Telephone Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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10.05

9.68

10.66

11.17

10.52

Nippon Telegraph & Telephone 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															11.74	6.66	13.01	10.04	11.09

Nippon Telegraph & Telephone ROCE % Calculation

Nippon Telegraph & Telephone'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 )
	=	1897103	/	( ( (23862241 - 6258639)	+	(25308851 - 6839986) )	/ 2 )
	=	1897103	/	( (17603602	+	18468865)	/ 2 )
	=	1897103	/	18036233.5
	=	10.52 %

Nippon Telegraph & Telephone'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 )
	=	2211188	/	( ( (26813578 - 6789438)	+	(27244710 - 7380172) )	/ 2 )
	=	2211188	/	( ( 20024140	+	19864538 )	/ 2 )
	=	2211188	/	19944339
	=	11.09 %

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

Nippon Telegraph & Telephone (TSE:9432) 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.

Nippon Telegraph & Telephone ROCE % Related Terms

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Nippon Telegraph & Telephone (TSE:9432) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Nippon Telegraph & Telephone Corp (TSE:9432) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NPPXF:USA NTTYY:USA NTT:Germany

Address

5-1, Otemachi 1-Chome, Otemachi First Square, East Tower, Chiyoda-Ku, Tokyo, JPN, 100-8116

Website

http://www.ntt.co.jp

NTT owns NTT DoCoMo, the largest wireless operator in Japan, with 87.5 million subscribers. It also owns NTT East and NTT West, the two regional incumbent fixed-line operators in Japan, with about 12.1 million traditional fixed-line and 23.5 million broadband lines (around 72% of which are wholesaled). The firm also provides IT and communications systems integration via NTT Communications and 52.4%-owned NTT Data.

Nippon Telegraph & Telephone (TSE:9432) Headlines

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