Kohjin Bio Co (TSE:177A) ROCE % : 22.19% (As of Jun. 2024)

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What is Kohjin Bio 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. Kohjin Bio Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 22.19%.

Kohjin Bio Co ROCE % Historical Data

The historical data trend for Kohjin Bio 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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Kohjin Bio Co ROCE % Chart

Kohjin Bio Co Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

28.29

39.22

18.03

Kohjin Bio Co Quarterly Data
	Mar22	Mar23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-	23.93	22.19	9.79

Kohjin Bio Co ROCE % Calculation

Kohjin Bio Co'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 )
	=	658.473	/	( ( (6134.824 - 3021.627)	+	(6589.322 - 2398.213) )	/ 2 )
	=	658.473	/	( (3113.197	+	4191.109)	/ 2 )
	=	658.473	/	3652.153
	=	18.03 %

Kohjin Bio Co'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 )
	=	930.188	/	( ( (6589.322 - 2398.213)	+	(0 - 0) )	/ 1 )
	=	930.188	/	( ( 4191.109	+	0 )	/ 1 )
	=	930.188	/	4191.109
	=	22.19 %

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

Kohjin Bio Co (TSE:177A) 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.

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Kohjin Bio Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Kohjin Bio Co Ltd (TSE:177A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-1-3 Chiyoda, Sakado, Saitama, JPN, 350-0214

Website

https://www.kohjin-bio.jp/en

Kohjin Bio Co Ltd is engaged in development, manufacture and sale of culture media (growing environments used for culturing microorganisms and cells) and contract manufacturing of processed cell products. It has manufacturing and sales of animal blood, sera, tissue culture media, media for microbiology testing, in vitro diagnostic agents, and cosmetics.

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