Kawasaki (TSE:3045) ROCE % : 4.59% (As of Feb. 2024)

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What is Kawasaki 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. Kawasaki's annualized ROCE % for the quarter that ended in Feb. 2024 was 4.59%.

Kawasaki ROCE % Historical Data

The historical data trend for Kawasaki'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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Kawasaki ROCE % Chart

Kawasaki Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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7.06

5.55

10.58

21.14

4.36

Kawasaki Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															2.49	6.54	3.44	6.31	4.59

Kawasaki ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	293.274	/	( ( (6825.898 - 472.025)	+	(7560.912 - 460.08) )	/ 2 )
	=	293.274	/	( (6353.873	+	7100.832)	/ 2 )
	=	293.274	/	6727.3525
	=	4.36 %

Kawasaki's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	340.108	/	( ( (7959.397 - 841.258)	+	(8383.885 - 687.164) )	/ 2 )
	=	340.108	/	( ( 7118.139	+	7696.721 )	/ 2 )
	=	340.108	/	7407.43
	=	4.59 %

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

Kawasaki (TSE:3045) 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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Kawasaki (TSE:3045) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kawasaki & Co Ltd (TSE:3045) » Definitions » ROCE %

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Address

Senboku-gun Chutoseoka cho Shinhahama 2 - chome 9 - 10, Osaka Prefecture, Tadaoka, JPN

Website

http://www.kawasaki-corp.co.jp

Kawasaki & Co Ltd is engaged in the manufacturing and selling of clothing products. Its products include towels, handkerchiefs, bags, pouches, fashion accessories, and interior items, such as toiletries and bath products. It also has warehouse business, photovoltaic power generation business and Other business.

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