Ohara (FRA:9IE) ROCE % : 2.96% (As of Jan. 2024)

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What is Ohara 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. Ohara's annualized ROCE % for the quarter that ended in Jan. 2024 was 2.96%.

Ohara ROCE % Historical Data

The historical data trend for Ohara'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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Ohara ROCE % Chart

Ohara Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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3.65

-8.37

4.21

7.04

5.03

Ohara Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															6.34	7.37	5.15	2.40	2.96

Ohara ROCE % Calculation

Ohara's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	17.189	/	( ( (418.824 - 65.536)	+	(391.481 - 61.34) )	/ 2 )
	=	17.189	/	( (353.288	+	330.141)	/ 2 )
	=	17.189	/	341.7145
	=	5.03 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	9.724	/	( ( (391.481 - 61.34)	+	(383.662 - 56.833) )	/ 2 )
	=	9.724	/	( ( 330.141	+	326.829 )	/ 2 )
	=	9.724	/	328.485
	=	2.96 %

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

Ohara (FRA:9IE) 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.

Ohara ROCE % Related Terms

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Ohara (FRA:9IE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ohara Inc (FRA:9IE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5218:Japan

Address

1-15-30, Oyama, Chuo-ku, Kanagawa, Sagamihara-Shi, JPN, 252-5286

Website

http://www.ohara-inc.co.jp

Ohara Inc is engaged in the manufacturing and sales of optical glass products and electronic products. It operates through the Optical and Electronics divisions. The Optical division manufactures and sells optical glass materials for digital-related products such as digital cameras and liquid crystal (LC) projectors, as well as a lens for mold presses, among others. The Electronics division manufactures and sells glass discs of hard disc drives that are used in mobile devices, high-homogenous glass materials and low-expansion glass-ceramic used in semiconductor manufacturing machinery and others. It derives prime revenue from the Optical business segment.

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