Yamaura (TSE:1780) ROCE % : 31.32% (As of Dec. 2023)

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What is Yamaura 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. Yamaura's annualized ROCE % for the quarter that ended in Dec. 2023 was 31.32%.

Yamaura ROCE % Historical Data

The historical data trend for Yamaura'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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Yamaura ROCE % Chart

Yamaura Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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13.09

10.06

10.31

9.92

11.68

Yamaura 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															18.81	7.53	22.47	37.44	31.32

Yamaura ROCE % Calculation

Yamaura'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 )
	=	1995.104	/	( ( (23247.71 - 6506.775)	+	(25866.769 - 8445.062) )	/ 2 )
	=	1995.104	/	( (16740.935	+	17421.707)	/ 2 )
	=	1995.104	/	17081.321
	=	11.68 %

Yamaura'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 )
	=	6224.204	/	( ( (29267.601 - 9932.153)	+	(26585.839 - 6174.401) )	/ 2 )
	=	6224.204	/	( ( 19335.448	+	20411.438 )	/ 2 )
	=	6224.204	/	19873.443
	=	31.32 %

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

Yamaura (TSE:1780) 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.

Yamaura ROCE % Related Terms

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Yamaura (TSE:1780) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Yamaura Corp (TSE:1780) » Definitions » ROCE %

Comparable Companies

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N/A

Address

22-1 Kita-cho, Nagano Prefecture, Komagane, JPN, 399-4195

Website

http://www.yamaura.co.jp

Yamaura Corp is engaged in the construction business. The company's business unit includes Construction Division in which it males buildings tailored to the needs of customers, Civil engineering Division which develops roads, bridges, landslide measures, river, pavement, and parks, Engineering business Division includes industrial equipment, small hydropower generation, water treatment equipment, and others. Metropolitan area business offers solutions in the sale of the business, renovation of business, and real estate development business, and Brain Mansion FC Business Division develops the construction technology of the brain mansion cultivated in Shinshu.

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