Yokohama Wright Industries Co (TSE:1452) ROCE % : 5.47% (As of Aug. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Yokohama Wright Industries 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. Yokohama Wright Industries Co's annualized ROCE % for the quarter that ended in Aug. 2023 was 5.47%.

Yokohama Wright Industries Co ROCE % Historical Data

The historical data trend for Yokohama Wright Industries 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.

Yokohama Wright Industries Co ROCE % Chart

Yokohama Wright Industries Co Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

Get a 7-Day Free Trial

19.58

16.69

4.00

6.84

7.10

Yokohama Wright Industries Co Semi-Annual Data
	Feb18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
ROCE %	Get a 7-Day Free Trial						9.99	3.60	0.75	13.55	5.47

Yokohama Wright Industries Co ROCE % Calculation

Yokohama Wright Industries Co's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	89.828	/	( ( (1893.338 - 535.846)	+	(1812.35 - 640.896) )	/ 2 )
	=	89.828	/	( (1357.492	+	1171.454)	/ 2 )
	=	89.828	/	1264.473
	=	7.10 %

Yokohama Wright Industries Co's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	64.47	/	( ( (1812.35 - 640.896)	+	(1656.704 - 472.239) )	/ 2 )
	=	64.47	/	( ( 1171.454	+	1184.465 )	/ 2 )
	=	64.47	/	1177.9595
	=	5.47 %

(1) Note: The EBIT data used here is two times the semi-annual (Aug. 2023) EBIT data.

Yokohama Wright Industries Co (TSE:1452) 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.

Yokohama Wright Industries Co ROCE % Related Terms

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

Yokohama Wright Industries Co (TSE:1452) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Yokohama Wright Industries Co Ltd (TSE:1452) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

870 Imaicho, Hodogaya-ku, Yokohama, Kanagawa Prefecture, Tokyo, JPN, 240-0035

Website

https://www.y-wright.com

YOKOHAMA WRIGHT Industries Co Ltd is engaged in providing engineering and construction services. The company's services include existing pile removal work, demolition and civil engineering set, underground obstacle removal work, mega solar business, among others.

Yokohama Wright Industries Co (TSE:1452) Headlines

No Headlines