Daiwabo Holdings Co (TSE:3107) ROCE % : -23.78% (As of Dec. 2023)

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What is Daiwabo Holdings 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. Daiwabo Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -23.78%.

Daiwabo Holdings Co ROCE % Historical Data

The historical data trend for Daiwabo Holdings 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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Daiwabo Holdings Co ROCE % Chart

Daiwabo Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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24.58

25.23

15.78

16.70

8.09

Daiwabo Holdings 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															23.40	11.44	17.51	-23.78	26.98

Daiwabo Holdings Co ROCE % Calculation

Daiwabo Holdings Co'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 )
	=	13767	/	( ( (406688 - 231884)	+	(405256 - 239742) )	/ 2 )
	=	13767	/	( (174804	+	165514)	/ 2 )
	=	13767	/	170159
	=	8.09 %

Daiwabo Holdings 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 )
	=	-41892	/	( ( (401865 - 217735)	+	(388697 - 220561) )	/ 2 )
	=	-41892	/	( ( 184130	+	168136 )	/ 2 )
	=	-41892	/	176133
	=	-23.78 %

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

Daiwabo Holdings Co (TSE:3107) 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.

Daiwabo Holdings Co ROCE % Related Terms

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Daiwabo Holdings Co (TSE:3107) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Daiwabo Holdings Co Ltd (TSE:3107) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

08, No. 06, No. 3-chome, Chuo Ward, Osaka, JPN, 541-0056

Website

http://www.daiwabo-holdings.com

Daiwabo Holdings Co Ltd engages in the IT infrastructure distribution business in Japan and internationally. The company distributes computer appliances and peripheral devices. It is also involved in manufacturing, processing, and selling of synthetic fibers, nonwovens, industrial materials and related products. It is also involved in manufacture and selling of machine parts for production equipment and casting parts. In addition, the company is engaged in hotel management business, golf course running business, real-estate business, insurance agency and engineering business.

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