Chugai Ro Co (TSE:1964) ROCE % : 10.06% (As of Sep. 2024)

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What is Chugai Ro 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. Chugai Ro Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.06%.

Chugai Ro Co ROCE % Historical Data

The historical data trend for Chugai Ro 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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Chugai Ro Co ROCE % Chart

Chugai Ro Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.74

2.48

6.55

6.64

10.99

Chugai Ro Co 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															21.67	2.93	26.03	0.80	10.06

Chugai Ro Co ROCE % Calculation

Chugai Ro 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 )
	=	3185	/	( ( (41178 - 14538)	+	(48863 - 17517) )	/ 2 )
	=	3185	/	( (26640	+	31346)	/ 2 )
	=	3185	/	28993
	=	10.99 %

Chugai Ro 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 )
	=	3160	/	( ( (0 - 0)	+	(45170 - 13751) )	/ 1 )
	=	3160	/	( ( 0	+	31419 )	/ 1 )
	=	3160	/	31419
	=	10.06 %

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

Chugai Ro Co (TSE:1964) 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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Chugai Ro Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chugai Ro Co Ltd (TSE:1964) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

3-6-1 Hiranomachi, Chuo-ku, Osaka, JPN, 541-0046

Website

http://www.chugai.co.jp

Chugai Ro Co Ltd is engaged in the development of technologies in the thermal technology field. The company operates through three segments namely Energy, Environmental preservation, and Information or communications. It offers various products including heat treatment furnaces for automobile machine parts, steel and nonferrous-metal heating furnaces, gas burner, film coating and drying equipment and environmental equipment and others.

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