Dai Nippon Toryo Co (TSE:4611) ROCE % : 16.69% (As of Mar. 2024)

View and export this data going back to 1949. Start your Free Trial

What is Dai Nippon Toryo 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. Dai Nippon Toryo Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.69%.

Dai Nippon Toryo Co ROCE % Historical Data

The historical data trend for Dai Nippon Toryo 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.

* Premium members only.

Dai Nippon Toryo Co ROCE % Chart

Dai Nippon Toryo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

11.06

5.52

5.96

7.88

10.72

Dai Nippon Toryo Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															9.54	9.44	7.79	16.69	9.25

Dai Nippon Toryo Co ROCE % Calculation

Dai Nippon Toryo 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 )
	=	7367	/	( ( (92805 - 28240)	+	(101618 - 28693) )	/ 2 )
	=	7367	/	( (64565	+	72925)	/ 2 )
	=	7367	/	68745
	=	10.72 %

Dai Nippon Toryo 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 )
	=	11748	/	( ( (98028 - 30214)	+	(101618 - 28693) )	/ 2 )
	=	11748	/	( ( 67814	+	72925 )	/ 2 )
	=	11748	/	70369.5
	=	16.69 %

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

Dai Nippon Toryo Co (TSE:4611) 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.

Dai Nippon Toryo Co ROCE % Related Terms

Thank you for viewing the detailed overview of Dai Nippon Toryo Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Dai Nippon Toryo Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Dai Nippon Toryo Co Ltd (TSE:4611) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-124, Nishikujo 6-chome, Konohana-ku, Osaka, JPN, 554-0012

Website

http://www.dnt.co.jp

Dai Nippon Toryo Co Ltd is a Japan-based company engaged in the production and sales of coatings and jet inks. Its product lines include protective, decorative, automobile, and industrial. Products offered by the company include anticorrosive coatings, water-based coatings, and coatings for industrial use. Protective coatings are used in the steel frames of buildings, bridges, industrial plants, and concrete structures. Decorative coatings are used for the interiors, exteriors, and roofs of residential buildings. Automobile coatings are used in automotive components, such as bumpers, door mirrors, and other interior and exterior components. Industrial coatings are designed for applications, such as curtain walls, aluminum sashes, steel furniture, agricultural and construction machinery.

Dai Nippon Toryo Co Headlines

No Headlines