Daiki Aluminium Industry Co (FRA:7YB) ROCE % : 3.35% (As of Dec. 2023)

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What is Daiki Aluminium Industry 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. Daiki Aluminium Industry Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.35%.

Daiki Aluminium Industry Co ROCE % Historical Data

The historical data trend for Daiki Aluminium Industry 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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Daiki Aluminium Industry Co ROCE % Chart

Daiki Aluminium Industry Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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18.69

17.59

34.45

18.82

7.54

Daiki Aluminium Industry Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															10.16	10.32	11.73	3.35	5.95

Daiki Aluminium Industry Co ROCE % Calculation

Daiki Aluminium Industry Co'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 )
	=	39.749	/	( ( (930.86 - 379.353)	+	(851.594 - 349.293) )	/ 2 )
	=	39.749	/	( (551.507	+	502.301)	/ 2 )
	=	39.749	/	526.904
	=	7.54 %

Daiki Aluminium Industry 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 )
	=	17.604	/	( ( (918.861 - 388.508)	+	(914.717 - 394.947) )	/ 2 )
	=	17.604	/	( ( 530.353	+	519.77 )	/ 2 )
	=	17.604	/	525.0615
	=	3.35 %

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

Daiki Aluminium Industry Co (FRA:7YB) 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.

Daiki Aluminium Industry Co ROCE % Related Terms

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Daiki Aluminium Industry Co (FRA:7YB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Daiki Aluminium Industry Co Ltd (FRA:7YB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5702:Japan

Address

Nichiei Bldg., 4-8, 1-chome, Tosabori, Nishi-ku, Osaka, JPN, 5500001

Website

http://www.dik-net.com

Daiki Aluminium Industry Co., Ltd. engages in the manufacture and sale of secondary aluminum alloy ingots for die-casting, casting, de-oxidation, and rolling. The company offers secondary aluminum alloy ingots for die-casting, casting, de-oxidation, and rolling; secondary aluminum ingots for roll products; and aluminum mother alloy ingots. It is also involved in the design, construction, and repair of aluminum smelting furnaces; trading of aluminum ingots and aluminum scrap; and processing of turnings, dross, and defective products arising from sources, such as die-cast and cast metal manufacturers.

Daiki Aluminium Industry Co (FRA:7YB) Headlines

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