Ad-Sol Nissin (TSE:3837) ROCE % : 22.79% (As of Dec. 2023)

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What is Ad-Sol Nissin 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. Ad-Sol Nissin's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.79%.

Ad-Sol Nissin ROCE % Historical Data

The historical data trend for Ad-Sol Nissin'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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Ad-Sol Nissin ROCE % Chart

Ad-Sol Nissin Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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21.70

23.88

23.27

17.73

17.59

Ad-Sol Nissin Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															22.75	16.87	18.31	19.74	22.79

Ad-Sol Nissin ROCE % Calculation

Ad-Sol Nissin's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	1240.812	/	( ( (8069.62 - 1351.495)	+	(9338.082 - 1945.784) )	/ 2 )
	=	1240.812	/	( (6718.125	+	7392.298)	/ 2 )
	=	1240.812	/	7055.2115
	=	17.59 %

Ad-Sol Nissin'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 )
	=	1767.14	/	( ( (9387.117 - 1730.189)	+	(9418.821 - 1567.898) )	/ 2 )
	=	1767.14	/	( ( 7656.928	+	7850.923 )	/ 2 )
	=	1767.14	/	7753.9255
	=	22.79 %

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

Ad-Sol Nissin (TSE:3837) 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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Ad-Sol Nissin (TSE:3837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ad-Sol Nissin Corp (TSE:3837) » Definitions » ROCE %

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N/A

Address

Riverge Shinagawa 4 - chome, Minato - ku, Tokyo, JPN, 108-0075

Website

http://www.adniss.jp

Ad-Sol Nissin Corp develops information systems for enterprises. The company provides Social Infrastructure Business, Advanced Industry Business, IoX Integrated Engineering Business, and Security solutions. The Social Infrastructure Business develops system integration services in social infrastructures such as energy, road, aerospace, and others. Advanced Industry Business promotes Next Generation EV Vehicle, Industrial Equipment, and others. The IoX Integrated Engineering Business propose solutions such as AI. Big Data, Wireless, and others, and Security Solution protect IoT devices from cyber attacks.

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