Okamura Foods Co (TSE:2938) ROCE % : 0.00% (As of Dec. 2024)

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What is Okamura Foods 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. Okamura Foods Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 0.00%.

Okamura Foods Co ROCE % Historical Data

The historical data trend for Okamura Foods 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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Okamura Foods Co ROCE % Chart

Okamura Foods Co Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

ROCE %

19.08

32.49

26.70

18.03

Okamura Foods Co Quarterly Data
	Jun21	Jun22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial				32.61	1.66	16.65	19.40	-

Okamura Foods Co ROCE % Calculation

Okamura Foods Co's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	3131	/	( ( (30111 - 15439)	+	(39170 - 19119) )	/ 2 )
	=	3131	/	( (14672	+	20051)	/ 2 )
	=	3131	/	17361.5
	=	18.03 %

Okamura Foods Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	0	/	( ( (39170 - 19119)	+	(44797 - 24255) )	/ 2 )
	=	0	/	( ( 20051	+	20542 )	/ 2 )
	=	0	/	20296.5
	=	0.00 %

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

Okamura Foods Co (TSE:2938) 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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Okamura Foods Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Okamura Foods Co Ltd (TSE:2938) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6-11 Yaeda, Aomori Prefecture, Aomori, JPN, 030-0912

Website

https://www.okamurashokuhin.co.jp

Okamura Foods Co Ltd is engaged in the business of aquaculture, Salmon farming, processing and sales of marine products, wholesale of marine products.

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