HRIBF (Horiba) ROCE % : 10.02% (As of Jun. 2024)

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What is Horiba 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. Horiba's annualized ROCE % for the quarter that ended in Jun. 2024 was 10.02%.

Horiba ROCE % Historical Data

The historical data trend for Horiba'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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Horiba ROCE % Chart

Horiba Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.10

8.19

11.18

15.37

16.17

Horiba 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															13.26	21.63	11.57	10.02	12.87

Horiba ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	378	/	( ( (3088.927 - 831.851)	+	(3118.665 - 701.833) )	/ 2 )
	=	378	/	( (2257.076	+	2416.832)	/ 2 )
	=	378	/	2336.954
	=	16.17 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	236.032	/	( ( (3030.892 - 659.878)	+	(2973.198 - 631.338) )	/ 2 )
	=	236.032	/	( ( 2371.014	+	2341.86 )	/ 2 )
	=	236.032	/	2356.437
	=	10.02 %

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

Horiba (OTCPK:HRIBF) 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.

Horiba ROCE % Related Terms

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Horiba Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Horiba Ltd (OTCPK:HRIBF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6856:Japan 01H:Germany

Address

2, Miyanohigashi-cho, Kisshoin, Minami-ku, Kyoto, JPN, 601-8510

Website

http://www.horiba.co.jp

Horiba Ltd provides analytical and measurement equipment. The automotive test systems segment contributes the largest percentage of revenue and supplies engine, driveline, brake, wind tunnel balance, and emissions test systems. The scientific segment sells instruments like pH meters, X-ray microscopes, and spectrometers. The semiconductor segment supplies mass flow controllers that are used in the semiconductor manufacturing process. The medical-diagnostic segment sells blood testing instruments and reagents for the in vitro diagnostics market. The process and environmental segment provides solutions associated with environmental regulations, such as air-pollution and water-quality analyzers. Horiba generates the largest proportion of its sales in Japan.

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