Kanto Denka Kogyo Co (TSE:4047) ROCE % : 0.00% (As of Sep. 2024)

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What is Kanto Denka Kogyo 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. Kanto Denka Kogyo Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Kanto Denka Kogyo Co ROCE % Historical Data

The historical data trend for Kanto Denka Kogyo 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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Kanto Denka Kogyo Co ROCE % Chart

Kanto Denka Kogyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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12.23

7.98

14.88

15.29

-5.06

Kanto Denka Kogyo Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															-1.51	4.60	0.21	-22.98	-

Kanto Denka Kogyo Co ROCE % Calculation

Kanto Denka Kogyo 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 )
	=	-4844	/	( ( (130762 - 33680)	+	(125302 - 30891) )	/ 2 )
	=	-4844	/	( (97082	+	94411)	/ 2 )
	=	-4844	/	95746.5
	=	-5.06 %

Kanto Denka Kogyo Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	0	/	( ( (125302 - 30891)	+	(121736 - 29435) )	/ 2 )
	=	0	/	( ( 94411	+	92301 )	/ 2 )
	=	0	/	93356
	=	0.00 %

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

Kanto Denka Kogyo Co (TSE:4047) 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.

Kanto Denka Kogyo Co ROCE % Related Terms

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Kanto Denka Kogyo Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kanto Denka Kogyo Co Ltd (TSE:4047) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

2-3-2 Marunouchi, Chiyoda-ku, Yusen Building, Tokyo, JPN, 100-0005

Website

http://www.kantodenka.co.jp

Kanto Denka Kogyo Co Ltd is a Japan-based company, engages in the production of a chemical product. It operates through Fundamental Chemicals and Fine Chemicals divisions. The Fundamental Chemicals offers caustic soda, hydrochloric acid, sodium hypochlorite, aluminum chloride, trichloroethylene, perchloroethylene, vinylidene chloride, cyclohexanol. The Fine Chemicals division offers reprographics carriers, magnetite, sulfur hexafluoride, carbon tetrafluoride, trifluoromethane, hexafluoroethane, nitrogen trifluoride, among others.

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