Prima Meat Packers (TSE:2281) ROCE % : 9.69% (As of Dec. 2023)

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What is Prima Meat Packers 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. Prima Meat Packers's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.69%.

Prima Meat Packers ROCE % Historical Data

The historical data trend for Prima Meat Packers'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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Prima Meat Packers ROCE % Chart

Prima Meat Packers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.93

16.15

10.41

3.96

8.63

Prima Meat Packers 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															-8.34	9.82	8.01	9.69	7.03

Prima Meat Packers ROCE % Calculation

Prima Meat Packers'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 )
	=	13580	/	( ( (229887 - 74867)	+	(244793 - 85150) )	/ 2 )
	=	13580	/	( (155020	+	159643)	/ 2 )
	=	13580	/	157331.5
	=	8.63 %

Prima Meat Packers'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 )
	=	15308	/	( ( (244761 - 87172)	+	(251489 - 93041) )	/ 2 )
	=	15308	/	( ( 157589	+	158448 )	/ 2 )
	=	15308	/	158018.5
	=	9.69 %

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

Prima Meat Packers (TSE:2281) 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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Prima Meat Packers (TSE:2281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Prima Meat Packers Ltd (TSE:2281) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-12-2 Higashi-Shinagawa, Seaside West Tower, Tokyo, JPN, 140-5829

Website

http://www.primaham.co.jp

Prima Meat Packers Ltd is engaged in the manufacture and sale of ham, sausage, meat, and processed foods. The company, affiliated with Itochu Corp, produces vacuum-packed food products including hamburgers and meatballs.

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