Nousouken (TSE:3541) ROCE % : 12.68% (As of Aug. 2024)

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What is Nousouken 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. Nousouken's annualized ROCE % for the quarter that ended in Aug. 2024 was 12.68%.

Nousouken ROCE % Historical Data

The historical data trend for Nousouken'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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Nousouken ROCE % Chart

Nousouken Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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6.41

-33.44

-10.59

2.62

8.16

Nousouken Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial															5.09	11.44	6.59	2.06	12.68

Nousouken ROCE % Calculation

Nousouken's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	104.178	/	( ( (2418.139 - 1192.502)	+	(2665.433 - 1336.199) )	/ 2 )
	=	104.178	/	( (1225.637	+	1329.234)	/ 2 )
	=	104.178	/	1277.4355
	=	8.16 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	165.556	/	( ( (2601.68 - 1320.429)	+	(2665.433 - 1336.199) )	/ 2 )
	=	165.556	/	( ( 1281.251	+	1329.234 )	/ 2 )
	=	165.556	/	1305.2425
	=	12.68 %

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

Nousouken (TSE:3541) 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.

Nousouken ROCE % Related Terms

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Nousouken Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Nousouken Corp (TSE:3541) » Definitions » ROCE %

Comparable Companies

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Address

17-4 Kuroda, Wakayama-Shi, Wakayama, JPN, 640-8341

Website

http://www.nousouken.co.jp

Nousouken Corp is engaged in operating platform In-Shop farmers. It is engaged in the distribution and sale of agricultural products and farm products.

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