Wellneo Sugar Co (TSE:2117) ROCE % : 13.07% (As of Dec. 2023)

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What is Wellneo Sugar 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. Wellneo Sugar Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.07%.

Wellneo Sugar Co ROCE % Historical Data

The historical data trend for Wellneo Sugar 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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Wellneo Sugar Co ROCE % Chart

Wellneo Sugar Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.87

6.07

4.72

4.63

2.93

Wellneo Sugar Co 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															4.77	2.61	14.27	8.60	13.07

Wellneo Sugar Co ROCE % Calculation

Wellneo Sugar Co'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 )
	=	1863	/	( ( (61134 - 7597)	+	(93572 - 20028) )	/ 2 )
	=	1863	/	( (53537	+	73544)	/ 2 )
	=	1863	/	63540.5
	=	2.93 %

Wellneo Sugar Co'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 )
	=	9824	/	( ( (93558 - 18335)	+	(94506 - 19394) )	/ 2 )
	=	9824	/	( ( 75223	+	75112 )	/ 2 )
	=	9824	/	75167.5
	=	13.07 %

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

Wellneo Sugar Co (TSE:2117) 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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Wellneo Sugar Co (TSE:2117) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wellneo Sugar Co Ltd (TSE:2117) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

14-1 Nihonbashi Koami-cho, Chuo-ku, Tokyo, JPN, 103-0016

Website

https://www.wellneo-sugar.co.jp

Wellneo Sugar Co Ltd is a manufacturer and seller of sugar. Its business activities are Sugar and other foodstuffs, manufacturing and sale of sugar processed goods and Warehousing business. The company is also involved in health-care and sports club management businesses.

Wellneo Sugar Co (TSE:2117) Headlines

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