Daiichi Kigenso Kagaku-Kogyo Co (TSE:4082) ROCE % : 3.54% (As of Mar. 2024)

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What is Daiichi Kigenso Kagaku-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. Daiichi Kigenso Kagaku-Kogyo Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.54%.

Daiichi Kigenso Kagaku-Kogyo Co ROCE % Historical Data

The historical data trend for Daiichi Kigenso Kagaku-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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Daiichi Kigenso Kagaku-Kogyo Co ROCE % Chart

Daiichi Kigenso Kagaku-Kogyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.32

4.39

7.57

11.73

5.58

Daiichi Kigenso Kagaku-Kogyo 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															4.96	8.64	10.17	-0.74	3.54

Daiichi Kigenso Kagaku-Kogyo Co ROCE % Calculation

Daiichi Kigenso Kagaku-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 )
	=	3114	/	( ( (66004 - 10036)	+	(65605 - 9915) )	/ 2 )
	=	3114	/	( (55968	+	55690)	/ 2 )
	=	3114	/	55829
	=	5.58 %

Daiichi Kigenso Kagaku-Kogyo Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	2012	/	( ( (68055 - 9956)	+	(65605 - 9915) )	/ 2 )
	=	2012	/	( ( 58099	+	55690 )	/ 2 )
	=	2012	/	56894.5
	=	3.54 %

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

Daiichi Kigenso Kagaku-Kogyo Co (TSE:4082) 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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Daiichi Kigenso Kagaku-Kogyo Co (TSE:4082) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Daiichi Kigenso Kagaku-Kogyo Co Ltd (TSE:4082) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

6-38 Hirabayashi Minami 1-Chome, Suminoe-ku, Osaka, JPN, 559-0025

Website

http://www.dkkk.co.jp

Daiichi Kigenso Kagaku-Kogyo Co Ltd is a Japan-based chemical manufacturer. The company is mainly engaged in the research, production, and sale of chemicals and materials for fuel cells and catalysts. Products offered by the company include zirconium oxide, stabilized zirconium oxide, composite oxide, zirconium compounds, zirconia sol, rare-earth compounds, cesium compounds, cesium flux, and wire ring.

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