Nippon Paint Holdings Co (Nippon Paint Holdings Co) ROCE % : 7.81% (As of Mar. 2024)

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What is Nippon Paint Holdings 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. Nippon Paint Holdings Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.81%.

Nippon Paint Holdings Co ROCE % Historical Data

The historical data trend for Nippon Paint Holdings 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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Nippon Paint Holdings Co ROCE % Chart

Nippon Paint Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.67

8.93

6.15

6.04

8.03

Nippon Paint Holdings Co 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															7.36	9.48	9.02	6.56	7.81

Nippon Paint Holdings Co ROCE % Calculation

Nippon Paint Holdings Co'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 )
	=	1221.664	/	( ( (18102.832 - 3470.42)	+	(18845.067 - 3039.981) )	/ 2 )
	=	1221.664	/	( (14632.412	+	15805.086)	/ 2 )
	=	1221.664	/	15218.749
	=	8.03 %

Nippon Paint Holdings 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 )
	=	1219.128	/	( ( (18845.067 - 3039.981)	+	(19283.861 - 3861.697) )	/ 2 )
	=	1219.128	/	( ( 15805.086	+	15422.164 )	/ 2 )
	=	1219.128	/	15613.625
	=	7.81 %

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

Nippon Paint Holdings Co (OTCPK:NPCPF) 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.

Nippon Paint Holdings Co ROCE % Related Terms

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Nippon Paint Holdings Co (Nippon Paint Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nippon Paint Holdings Co Ltd (OTCPK:NPCPF) » Definitions » ROCE %

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Traded in Other Exchanges

NPPHY:USA 4612:Japan NI7:Germany

Address

2-1-2 Oyodo Kita, Kita-ku, Osaka, JPN, 531-8511

Website

http://www.nipponpaint-holdings.com

Nippon Paint Holdings Co Ltd is a holding company, which, through its subsidiaries, manufactures and sells a variety of paint and coating products. The firm organizes itself into four operating companies based on end market. The automotive paints division sells paint and temperature-control coatings that are used to cover the body of an automobile. The industrial-use paints division sells paints and coatings for trains and ships. The trade-use paints division sells paints and coatings that are used on buildings, bridges, and roads. The surface treatments division sells anti-corrosive and anti-rust coatings for metal products and electronics. The company organizes itself into three segments based on geography: Japan, Asia, and Americas. The majority of revenue comes from Japan.