Fujitec Co (Fujitec Co) ROCE % : 21.02% (As of Dec. 2023)

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What is Fujitec 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. Fujitec Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.02%.

Fujitec Co ROCE % Historical Data

The historical data trend for Fujitec 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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Fujitec Co ROCE % Chart

Fujitec Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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10.57

12.31

11.87

11.33

8.02

Fujitec 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															5.60	10.54	12.09	15.40	21.02

Fujitec Co ROCE % Calculation

Fujitec 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 )
	=	94.423	/	( ( (1860.464 - 629.892)	+	(1721.462 - 597.676) )	/ 2 )
	=	94.423	/	( (1230.572	+	1123.786)	/ 2 )
	=	94.423	/	1177.179
	=	8.02 %

Fujitec 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 )
	=	241.476	/	( ( (1664.074 - 558.646)	+	(1769.609 - 577.935) )	/ 2 )
	=	241.476	/	( ( 1105.428	+	1191.674 )	/ 2 )
	=	241.476	/	1148.551
	=	21.02 %

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

Fujitec Co (OTCPK:FJTCY) 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.

Fujitec Co ROCE % Related Terms

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Fujitec Co (Fujitec Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fujitec Co Ltd (OTCPK:FJTCY) » Definitions » ROCE %

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6406:Japan

Address

591-1 Miyatacho, Shiga Prefecture, Hikone, JPN, 522-8588

Website

https://www.fujitec.co.jp

Fujitec Co Ltd is a Japan-based company that designs, develops, manufactures, sells, and installs elevators and escalators. The company has a global presence, with Japan, North America, South Asia, and East Asia being its largest markets. On the other hand, its manufacturing bases are spread worldwide, in locations including Japan, China, the United States, South Korea, Taiwan, and India. The company also provides aftersale maintenance services such as real-time parts support, remote monitoring, and product modernization.

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