HSHZY (Hoshizaki) ROCE % : 14.04% (As of Jun. 2024)

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What is Hoshizaki 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. Hoshizaki's annualized ROCE % for the quarter that ended in Jun. 2024 was 14.04%.

Hoshizaki ROCE % Historical Data

The historical data trend for Hoshizaki'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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Hoshizaki ROCE % Chart

Hoshizaki Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.58

6.72

10.92

10.38

13.78

Hoshizaki 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															15.91	5.56	17.02	14.04	16.63

Hoshizaki ROCE % Calculation

Hoshizaki'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 )
	=	336.557	/	( ( (3141.968 - 763.348)	+	(3232.089 - 726.746) )	/ 2 )
	=	336.557	/	( (2378.62	+	2505.343)	/ 2 )
	=	336.557	/	2441.9815
	=	13.78 %

Hoshizaki'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 )
	=	364.804	/	( ( (3364.509 - 808.785)	+	(3496.959 - 857.418) )	/ 2 )
	=	364.804	/	( ( 2555.724	+	2639.541 )	/ 2 )
	=	364.804	/	2597.6325
	=	14.04 %

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

Hoshizaki (OTCPK:HSHZY) 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.

Hoshizaki ROCE % Related Terms

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Hoshizaki Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hoshizaki Corp (OTCPK:HSHZY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6465:Japan HS0:Germany

Address

South Building 3-16 Sakae-cho, Aichi, JPN, 470-1194

Website

http://www.hoshizaki.co.jp

Hoshizaki Corporation manufactures/sells commercial food service equipment globally. The company's main products include refrigerators, ice machines, dishwashers, beer dispensers, and hygiene control equipment. Its products are used in mainly restaurants, supermarkets, cafeterias, and the agro-fishery industry. The company was formerly known as Hoshizaki Electric Co., Ltd. and changed its name to Hoshizaki Corporation in July 2016. Hoshizaki Corporation was founded in 1947 and its headquarters are in Toyoake (Aichi prefecture), Japan.

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