Kinden (TSE:1944) ROCE % : 7.32% (As of Sep. 2024)

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What is Kinden 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. Kinden's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.32%.

Kinden ROCE % Historical Data

The historical data trend for Kinden'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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Kinden ROCE % Chart

Kinden Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.96

9.47

7.46

7.78

8.40

Kinden 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															6.53	10.26	15.18	2.81	7.32

Kinden ROCE % Calculation

Kinden'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 )
	=	49197	/	( ( (742841 - 181806)	+	(815887 - 205350) )	/ 2 )
	=	49197	/	( (561035	+	610537)	/ 2 )
	=	49197	/	585786
	=	8.40 %

Kinden's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	44160	/	( ( (0 - 0)	+	(769943 - 166505) )	/ 1 )
	=	44160	/	( ( 0	+	603438 )	/ 1 )
	=	44160	/	603438
	=	7.32 %

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

Kinden (TSE:1944) 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.

Kinden ROCE % Related Terms

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Kinden Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kinden Corp (TSE:1944) » Definitions » ROCE %

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Address

2-1-21 Kudan-Minami, Chiyoda-ku, Tokyo, JPN, 102-8628

Website

http://www.kinden.co.jp

Kinden Corp is a Japanese industrial company specialized in facility construction. The company operates in nine business divisions namely electricity, instrumentation, information and communications, air conditioning, interior systems, civil engineering, overseas projects, energy conservation and renewal, and new energy. The company offers alternative-energy power generation and fuel cell systems, facility and factory automation and security systems, air conditioning and water supply solutions, warehouse and medical facility communication systems, and sanitation and electrical system diagnosis solutions.

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