Nitcho (TSE:2961) ROCE % : 45.84% (As of Mar. 2024)

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What is Nitcho 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. Nitcho's annualized ROCE % for the quarter that ended in Mar. 2024 was 45.84%.

Nitcho ROCE % Historical Data

The historical data trend for Nitcho'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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Nitcho ROCE % Chart

Nitcho Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

5.80

7.30

9.79

4.53

7.05

Nitcho Quarterly Data
	Sep19	Sep20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									28.52	-22.18	43.20	-13.54	45.84

Nitcho ROCE % Calculation

Nitcho's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	541.248	/	( ( (12737.422 - 5138.626)	+	(13984.447 - 6224.038) )	/ 2 )
	=	541.248	/	( (7598.796	+	7760.409)	/ 2 )
	=	541.248	/	7679.6025
	=	7.05 %

Nitcho'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 )
	=	3496.636	/	( ( (12326.556 - 4993.059)	+	(14134.056 - 6210.613) )	/ 2 )
	=	3496.636	/	( ( 7333.497	+	7923.443 )	/ 2 )
	=	3496.636	/	7628.47
	=	45.84 %

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

Nitcho (TSE:2961) 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.

Nitcho ROCE % Related Terms

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Nitcho (TSE:2961) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nitcho Corp (TSE:2961) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-15-8 Higashirokugo, Ota-ku, Tokyo, JPN, 144-8513

Website

https://www.nitcho.co.jp

Nitcho Corp is engaged in the manufacturing and supplying for commercial kitchen equipment.

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