HAZAMA ANDO (TSE:1719) ROCE % : 23.07% (As of Mar. 2024)

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What is HAZAMA ANDO 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. HAZAMA ANDO's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.07%.

HAZAMA ANDO ROCE % Historical Data

The historical data trend for HAZAMA ANDO'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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HAZAMA ANDO ROCE % Chart

HAZAMA ANDO Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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15.64

15.59

16.04

14.67

12.04

HAZAMA ANDO 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															8.01	6.65	10.97	23.07	8.41

HAZAMA ANDO ROCE % Calculation

HAZAMA ANDO'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 )
	=	19352	/	( ( (318014 - 164217)	+	(334145 - 166503) )	/ 2 )
	=	19352	/	( (153797	+	167642)	/ 2 )
	=	19352	/	160719.5
	=	12.04 %

HAZAMA ANDO'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 )
	=	37400	/	( ( (322352 - 165742)	+	(334145 - 166503) )	/ 2 )
	=	37400	/	( ( 156610	+	167642 )	/ 2 )
	=	37400	/	162126
	=	23.07 %

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

HAZAMA ANDO (TSE:1719) 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.

HAZAMA ANDO ROCE % Related Terms

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HAZAMA ANDO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » HAZAMA ANDO Corp (TSE:1719) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

2PW:Germany

Address

No. 20, No. 1 Minato-ku, Akasaka 6-chome, Tokyo, JPN, 107-8658

Website

http://www.ad-hzm.co.jp

HAZAMA ANDO Corp is a Japanese company which is mainly engaged in construction and construction-related business. The company has three reportable segments namely Civil Engineering, Building Construction and Consolidated Subsidiaries. The Civil Engineering services include surveys, measurements, planning, designing, execution, supervising, technical guidance commissioning, and consulting work. It also provides collection, handling, and disposal of waste, and consulting work relating to such business as well as an area development, urban development, and environmental improvements. The majority of the company's revenue comes from the domestic business in Japan.

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