Riken Vitamin Co (TSE:4526) ROCE % : 5.22% (As of Sep. 2024)

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What is Riken Vitamin 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. Riken Vitamin Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.22%.

Riken Vitamin Co ROCE % Historical Data

The historical data trend for Riken Vitamin 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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Riken Vitamin Co ROCE % Chart

Riken Vitamin Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-8.48

1.10

29.66

9.36

13.82

Riken Vitamin Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															14.44	15.66	15.40	5.22	15.69

Riken Vitamin Co ROCE % Calculation

Riken Vitamin 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 )
	=	12021	/	( ( (105223 - 18924)	+	(118776 - 31117) )	/ 2 )
	=	12021	/	( (86299	+	87659)	/ 2 )
	=	12021	/	86979
	=	13.82 %

Riken Vitamin 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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	4620	/	( ( (119691 - 29989)	+	(115044 - 27577) )	/ 2 )
	=	4620	/	( ( 89702	+	87467 )	/ 2 )
	=	4620	/	88584.5
	=	5.22 %

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

Riken Vitamin Co (TSE:4526) 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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Riken Vitamin Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Riken Vitamin Co Ltd (TSE:4526) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

2-9-18 TDC Building, 11th-12th Floor, Chiyoda-ku, Tokyo, JPN, 101-8370

Website

https://www.rikenvitamin.jp

Riken Vitamin Co Ltd is a Japan based animal food manufacturing company. It is a developer and producer of a wide variety of improvers that is broadly used to improve the texture and quality of processed food. It is engaged in consumer and commercial foods, processed food ingredients, food chemicals for industrial uses and Vitamin production and sales. The company's food emulsifiers are used in various applications such as cakes, bread, noodles, ice cream, as well as fat and oil food product. In addition to emulsifiers, Riken Vitamin also provides a range of other food improvers for various purposes according to relevant consumer needs.

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