JNNDF (Japan Display) ROCE % : -48.55% (As of Sep. 2024)

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What is Japan Display 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. Japan Display's annualized ROCE % for the quarter that ended in Sep. 2024 was -48.55%.

Japan Display ROCE % Historical Data

The historical data trend for Japan Display'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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Japan Display ROCE % Chart

Japan Display Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-88.42

-30.22

-3.11

-13.74

-33.76

Japan Display 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															-51.76	-32.99	-23.02	-21.44	-48.55

Japan Display ROCE % Calculation

Japan Display'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 )
	=	-282.962	/	( ( (1666.084 - 622.171)	+	(1495.068 - 862.563) )	/ 2 )
	=	-282.962	/	( (1043.913	+	632.505)	/ 2 )
	=	-282.962	/	838.209
	=	-33.76 %

Japan Display's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-255.244	/	( ( (0 - 0)	+	(1379.129 - 853.4) )	/ 1 )
	=	-255.244	/	( ( 0	+	525.729 )	/ 1 )
	=	-255.244	/	525.729
	=	-48.55 %

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

Japan Display (OTCPK:JNNDF) 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.

Japan Display ROCE % Related Terms

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Japan Display Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Japan Display Inc (OTCPK:JNNDF) » Definitions » ROCE %

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JPDYY:USA 6740:Japan

Address

Landic 2nd Building, 3-7-1, Nishi-shinbashi, Minato-ku, Tokyo, JPN, 105-0003

Website

https://www.j-display.com

Japan Display Inc is engaged in the development, production, and sale of small and medium-sized display devices and related products. Its products are divided into two categories: Mobile Device and Automotive and Non-Mobile. The Mobile Device category includes displays for smartphones, tablets and mobile phone devices. The Automotive and Non-Mobile category includes displays for automotive applications, consumer electronics, and industrial devices as well as income from patents and other sources. The company's business operations span across Europe, Korea, China, Philippines, America, and Hong Kong.