Nisshin Seifun Group (FRA:NFR) ROCE % : 11.59% (As of Dec. 2023)

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What is Nisshin Seifun Group 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. Nisshin Seifun Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.59%.

Nisshin Seifun Group ROCE % Historical Data

The historical data trend for Nisshin Seifun Group'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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Nisshin Seifun Group ROCE % Chart

Nisshin Seifun Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.37

5.61

5.72

0.73

8.07

Nisshin Seifun Group 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															13.33	9.34	8.59	11.59	4.46

Nisshin Seifun Group ROCE % Calculation

Nisshin Seifun Group'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 )
	=	323.127	/	( ( (4988.305 - 1049.979)	+	(5076.578 - 1004.45) )	/ 2 )
	=	323.127	/	( (3938.326	+	4072.128)	/ 2 )
	=	323.127	/	4005.227
	=	8.07 %

Nisshin Seifun Group'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 )
	=	459.78	/	( ( (4857.386 - 930.574)	+	(5000.056 - 994.041) )	/ 2 )
	=	459.78	/	( ( 3926.812	+	4006.015 )	/ 2 )
	=	459.78	/	3966.4135
	=	11.59 %

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

Nisshin Seifun Group (FRA:NFR) 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.

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Nisshin Seifun Group (FRA:NFR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nisshin Seifun Group Inc (FRA:NFR) » Definitions » ROCE %

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2002:Japan

Address

1-25, Kanda-Nishiki-cho, Chiyoda-ku, Tokyo, JPN, 101-8441

Website

http://www.nisshin.com

Nisshin Seifun Group Inc is a Japanese holding company with the following brands under its umbrella: Nisshin Flour Milling, Nisshin Foods, Nisshin Pharma, Nisshin Petfood, Nisshin Engineering, Oriental Yeast, NBC Meshtec, and Initio Foods. Nisshin Flour Milling supplies basic food materials (wheat flour, wheat bran, rye) for manufacturing use. Nisshin Foods offers frozen foods and chilled foods. These two businesses are the core operations. Nisshin Pharma produces active pharmaceutical ingredients and pharmaceutical products. Nisshin Petfood offers pet food. Nisshin Engineering designs and offers management of manufacturing and processing facilities for food-related ingredients and sells powder-processing-related equipment.

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