Nippon Densetsu Kogyo Co (TSE:1950) ROCE % : 1.88% (As of Sep. 2024)

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What is Nippon Densetsu Kogyo 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. Nippon Densetsu Kogyo Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.88%.

Nippon Densetsu Kogyo Co ROCE % Historical Data

The historical data trend for Nippon Densetsu Kogyo 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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Nippon Densetsu Kogyo Co ROCE % Chart

Nippon Densetsu Kogyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.57

7.94

4.22

5.48

7.41

Nippon Densetsu Kogyo Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															6.35	21.66	-0.31	1.88	7.74

Nippon Densetsu Kogyo Co ROCE % Calculation

Nippon Densetsu Kogyo 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 )
	=	15441	/	( ( (261371 - 58267)	+	(282597 - 68971) )	/ 2 )
	=	15441	/	( (203104	+	213626)	/ 2 )
	=	15441	/	208365
	=	7.41 %

Nippon Densetsu Kogyo Co'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 )
	=	3952	/	( ( (0 - 0)	+	(253369 - 43347) )	/ 1 )
	=	3952	/	( ( 0	+	210022 )	/ 1 )
	=	3952	/	210022
	=	1.88 %

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

Nippon Densetsu Kogyo Co (TSE:1950) 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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Nippon Densetsu Kogyo Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nippon Densetsu Kogyo Co Ltd (TSE:1950) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 23, No. 2-chome, Taito-ku, Tokyo Ikenohata Ikenohata second building NDK, Tokyo, JPN, 110-8706

Website

http://www.densetsuko.co.jp

Nippon Densetsu Kogyo Co Ltd is mainly engaged in equipment works. It is involved in railroad electrical works, such as electric train line, power generation and transformation, power transmission line, electric lamp and signal works; general electrical works, such as building electrical facility, air conditioning facility, water supply, and drainage, and sanitary equipment works, as well as information and telecommunication facility works.

Nippon Densetsu Kogyo Co Headlines

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