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Disco (DISPF) ROCE % : 38.94% (As of Sep. 2024)


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What is Disco 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. Disco's annualized ROCE % for the quarter that ended in Sep. 2024 was 38.94%.


Disco ROCE % Historical Data

The historical data trend for Disco'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.

* Premium members only.

Disco ROCE % Chart

Disco Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.53 22.00 32.07 32.43 30.44

Disco Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.29 33.63 46.54 31.11 38.94

Disco ROCE % Calculation

Disco's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=810.921/( ( (3507.272 - 897.577) + (3711.542 - 992.634) )/ 2 )
=810.921/( (2609.695+2718.908)/ 2 )
=810.921/2664.3015
=30.44 %

Disco's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=1191.292/( ( (0 - 0) + (4134.183 - 1075.213) )/ 1 )
=1191.292/( ( 0 + 3058.97 )/ 1 )
=1191.292/3058.97
=38.94 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

* 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.


Disco  (OTCPK:DISPF) 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.


Disco ROCE % Related Terms

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Disco Business Description

Traded in Other Exchanges
Address
13-11 Omori-Kita 2-chome, Ota-ku, Tokyo, JPN, 143-8580
Disco Corp is a Japan-based company that manufactures and distributes precision processing and other manufacturing equipment. The firm's product portfolio includes dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, water jet saws, dicing blades, grinding wheels, polishing wheels, and related products. Precision processing equipment, predominantly grinders and dicers, make up roughly half of the firm's sales. The firm generates more than half of its revenue in Asia, with the rest coming from Japan, Europe, and the Americas.

Disco Headlines

From GuruFocus

Matthews Japan Fund Comments on Disco

By Sydnee Gatewood Sydnee Gatewood 10-24-2019