Yamazaki Baking Co (TSE:2212) ROCE % : 12.05% (As of Jun. 2024)

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What is Yamazaki Baking 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. Yamazaki Baking Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 12.05%.

Yamazaki Baking Co ROCE % Historical Data

The historical data trend for Yamazaki Baking 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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Yamazaki Baking Co ROCE % Chart

Yamazaki Baking Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.77

3.41

4.07

4.60

8.75

Yamazaki Baking 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															5.93	12.19	13.14	12.05	6.02

Yamazaki Baking Co ROCE % Calculation

Yamazaki Baking 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 )
	=	46561	/	( ( (758031 - 237341)	+	(802035 - 257877) )	/ 2 )
	=	46561	/	( (520690	+	544158)	/ 2 )
	=	46561	/	532424
	=	8.75 %

Yamazaki Baking Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	65572	/	( ( (790861 - 250919)	+	(795404 - 247128) )	/ 2 )
	=	65572	/	( ( 539942	+	548276 )	/ 2 )
	=	65572	/	544109
	=	12.05 %

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

Yamazaki Baking Co (TSE:2212) 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.

Yamazaki Baking Co ROCE % Related Terms

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Yamazaki Baking Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yamazaki Baking Co Ltd (TSE:2212) » Definitions » ROCE %

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YZZKF:USA

Address

10-1, Iwamotocho 3-chome, Chiyoda-ku, Tokyo, JPN, 101-8585

Website

http://www.yamazakipan.co.jp

Yamazaki Baking is the largest manufacturer of packaged baked goods in Japan, with a nationwide manufacturing and distribution network. It holds about a 40% share of domestic packaged bakery sales. Bread loaves and sweet buns contribute about 44% of group sales. Other key products include Japanese and western-style sweets, biscuits, as well as sandwiches and prepared meal boxes supplied to convenience stores and supermarkets. It also operates a chain of 1,400-plus Daily Yamazaki convenience stores in Japan. While Yamazaki also operates fresh bakeries in Asia, most of the overseas businesses remain unconsolidated given unmeaningful contribution.

Yamazaki Baking Co Headlines

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