Ezaki Glico Co (TSE:2206) ROCE % : 11.25% (As of Mar. 2024)

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What is Ezaki Glico 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. Ezaki Glico Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.25%.

Ezaki Glico Co ROCE % Historical Data

The historical data trend for Ezaki Glico 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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Ezaki Glico Co ROCE % Chart

Ezaki Glico Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.12

7.42

7.59

4.89

7.04

Ezaki Glico Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.66	7.34	11.33	2.68	11.25

Ezaki Glico Co ROCE % Calculation

Ezaki Glico Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	20036	/	( ( (369056 - 79875)	+	(395743 - 115991) )	/ 2 )
	=	20036	/	( (289181	+	279752)	/ 2 )
	=	20036	/	284466.5
	=	7.04 %

Ezaki Glico Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	32060	/	( ( (395743 - 115991)	+	(361648 - 71287) )	/ 2 )
	=	32060	/	( ( 279752	+	290361 )	/ 2 )
	=	32060	/	285056.5
	=	11.25 %

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

Ezaki Glico Co (TSE:2206) 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.

Ezaki Glico Co ROCE % Related Terms

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Ezaki Glico Co (TSE:2206) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ezaki Glico Co Ltd (TSE:2206) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5EJ:Germany

Address

6-5, Utajima, 4-chome, Nishiyodogawa-ku, Osaka, JPN, 555-8502

Website

https://www.glico.com

Ezaki Glico Co Ltd is a Japanese food company. The reportable segments of the company are, 1) Health and Food Business includes the production and sales of health-related products, retort-packed food and others; 2) Dairy Food Business includes the production and sales of dairy products, western-style fresh confectioneries, ice cream and others; 3) Nutritional Confectionery Business includes the production and sales of chocolate, cookies and others; 4) Food Ingredients Business: includes the production and sales of wheat protein, starch, food colouring and others; 5) Other Domestic Business includes directly managed stores business, Office Glico business and others and 6) Overseas Business includes the production and sales of chocolate, cookies and others overseas.

Ezaki Glico Co (TSE:2206) Headlines

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