NAFCO Co (TSE:2790) ROCE % : 3.83% (As of Dec. 2023)

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What is NAFCO 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. NAFCO Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.83%.

NAFCO Co ROCE % Historical Data

The historical data trend for NAFCO 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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NAFCO Co ROCE % Chart

NAFCO Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.03

11.71

7.41

5.27

2.53

NAFCO 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															-1.29	5.92	3.19	3.83	-1.06

NAFCO Co ROCE % Calculation

NAFCO 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 )
	=	9110	/	( ( (233075 - 62545)	+	(238408 - 63190) )	/ 2 )
	=	9110	/	( (170530	+	175218)	/ 2 )
	=	9110	/	172874
	=	5.27 %

NAFCO 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 )
	=	6792	/	( ( (239190 - 61829)	+	(241487 - 63853) )	/ 2 )
	=	6792	/	( ( 177361	+	177634 )	/ 2 )
	=	6792	/	177497.5
	=	3.83 %

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

NAFCO Co (TSE:2790) 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.

NAFCO Co ROCE % Related Terms

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NAFCO Co (TSE:2790) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » NAFCO Co Ltd (TSE:2790) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

2-6-10, Uomachi, 7th Floor, Kokura Kita-ku, Kitakyushu, JPN, 802-0006

Website

http://www.nafco.tv

NAFCO Co., Ltd. Is a Japan-based company engages in the operation of home and furniture retail stores. The company offers household commodities, cooking appliances, footwear, food, storage equipment, furniture, floor coverings, curtains, interior accessories, lighting, beddings and others. All the business activity of the group is functioned through Japan and it products are sold with in Japanese and to the overseas region.

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