Otsuka (STU:OTK) ROCE % : 24.58% (As of Jun. 2024)

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What is Otsuka 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. Otsuka's annualized ROCE % for the quarter that ended in Jun. 2024 was 24.58%.

Otsuka ROCE % Historical Data

The historical data trend for Otsuka'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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Otsuka ROCE % Chart

Otsuka Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.65

19.82

18.91

16.55

17.95

Otsuka 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															13.07	18.48	19.67	24.58	16.83

Otsuka ROCE % Calculation

Otsuka'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 )
	=	413.55	/	( ( (3659.547 - 1334.211)	+	(3578.065 - 1294.556) )	/ 2 )
	=	413.55	/	( (2325.336	+	2283.509)	/ 2 )
	=	413.55	/	2304.4225
	=	17.95 %

Otsuka'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 )
	=	521.692	/	( ( (3625.247 - 1504.701)	+	(3671.533 - 1547.551) )	/ 2 )
	=	521.692	/	( ( 2120.546	+	2123.982 )	/ 2 )
	=	521.692	/	2122.264
	=	24.58 %

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

Otsuka (STU:OTK) 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.

Otsuka ROCE % Related Terms

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Otsuka Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Otsuka Corp (STU:OTK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4768:Japan

Address

2-18-4 Iidabashi, Chiyoda-ku, Tokyo, JPN, 102-8573

Website

https://www.otsuka-shokai.co.jp

Otsuka Corp is a Japan-based provider of system integration services. The firm's operations are organized in three segments: system integration, service and support, and others. System integration generates a majority of the firm's revenue; it sells computers, copiers, communication equipment, and software and offers consulting services. Service and support provides office supplies, maintenance, and educational support. Others includes automobile maintenance, an insurance agency, and other small businesses.

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