Nippon Sheet Glass Co (Nippon Sheet Glass Co) ROCE % : 6.18% (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Nippon Sheet Glass 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 Sheet Glass Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.18%.

Nippon Sheet Glass Co ROCE % Historical Data

The historical data trend for Nippon Sheet Glass 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.

* Premium members only.

Nippon Sheet Glass Co ROCE % Chart

Nippon Sheet Glass Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

6.77

0.08

-0.74

4.34

0.11

Nippon Sheet Glass Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.91	9.04	14.33	9.19	6.18

Nippon Sheet Glass Co ROCE % Calculation

Nippon Sheet Glass Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	5.297	/	( ( (7921.248 - 2586.758)	+	(7117.735 - 2875.689) )	/ 2 )
	=	5.297	/	( (5334.49	+	4242.046)	/ 2 )
	=	5.297	/	4788.268
	=	0.11 %

Nippon Sheet Glass Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	279.676	/	( ( (6776.185 - 2206.872)	+	(6622.531 - 2140.497) )	/ 2 )
	=	279.676	/	( ( 4569.313	+	4482.034 )	/ 2 )
	=	279.676	/	4525.6735
	=	6.18 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Nippon Sheet Glass Co (OTCPK:NPSGY) 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 Sheet Glass Co ROCE % Related Terms

Thank you for viewing the detailed overview of Nippon Sheet Glass Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Nippon Sheet Glass Co (Nippon Sheet Glass Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nippon Sheet Glass Co Ltd (OTCPK:NPSGY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5202:Japan NI9:Germany

Address

Sumitomo Fudosan Mita Twin Building West Wing, 5-27, Mita 3-chome, Minato-Ku, Tokyo, JPN, 108-6321

Website

http://www.nsg.com

Nippon Sheet Glass Co Ltd manufactures glass and glazing products for many industries. The architectural segment, which accounts for roughly 40% of the company's total revenue, sells flat glass and glazing products to commercial and residential markets and the solar energy sector. The automotive segment, which accounts for roughly half of the company's total revenue, supplies a wide range of automotive glazing to vehicle manufacturers for new vehicles and replacement markets. The technical glass segment sells thin glass and glass fiber products for small displays, lenses, printers, and engine timing belts. Nippon sells its products worldwide, with more than a third of its sales in Europe, roughly a third in Japan and the rest of Asia, and the remaining sales in the Americas.

Nippon Sheet Glass Co (Nippon Sheet Glass Co) Headlines

From GuruFocus

Nippon Sheet Glass Co Stock Is Believed To Be Modestly Undervalued

By GF Value GF Value • 04-13-2021