NHCZF (Nihon Chouzai Co) ROCE % : -4.38% (As of Mar. 2024)

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What is Nihon Chouzai Co 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. Nihon Chouzai Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.38%.

Nihon Chouzai Co ROCE % Historical Data

The historical data trend for Nihon Chouzai Co'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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Nihon Chouzai Co ROCE % Chart

Nihon Chouzai Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.06

6.32

6.28

7.35

4.74

Nihon Chouzai Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															5.94	6.78	11.76	-4.38	0.66

Nihon Chouzai Co ROCE % Calculation

Nihon Chouzai Co'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 )
	=	36.658	/	( ( (1386.286 - 576.444)	+	(1302.155 - 566.405) )	/ 2 )
	=	36.658	/	( (809.842	+	735.75)	/ 2 )
	=	36.658	/	772.796
	=	4.74 %

Nihon Chouzai Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-33.08	/	( ( (1349.93 - 575.588)	+	(1302.155 - 566.405) )	/ 2 )
	=	-33.08	/	( ( 774.342	+	735.75 )	/ 2 )
	=	-33.08	/	755.046
	=	-4.38 %

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

Nihon Chouzai Co (OTCPK:NHCZF) 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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Nihon Chouzai Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nihon Chouzai Co Ltd (OTCPK:NHCZF) » Definitions » ROCE %

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Traded in Other Exchanges

3341:Japan

Address

Sapporo Odori Nishi Front Park 8 floors 7-1, Tokyo, JPN

Website

http://www.nicho.co.jp

Nihon Chouzai Co Ltd operates in the pharmaceutical industry. The company is organized into segments: Pharmacy, Pharmaceutical Manufacturing and Sales, and Healthcare Staffing Services and operates mainly from Japan. Through its operating segments, the firm manages a chain of pharmacies nationwide, manufactures and sells generic drugs, and provides staffing services that are specialized in pharmacy.