AGRO-KANESHO Co (TSE:4955) ROCE % : 12.50% (As of Jun. 2024)

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What is AGRO-KANESHO 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. AGRO-KANESHO Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 12.50%.

AGRO-KANESHO Co ROCE % Historical Data

The historical data trend for AGRO-KANESHO 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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AGRO-KANESHO Co ROCE % Chart

AGRO-KANESHO Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.95

3.44

2.51

6.95

5.69

AGRO-KANESHO 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															2.94	-0.83	9.94	7.58	12.50

AGRO-KANESHO Co ROCE % Calculation

AGRO-KANESHO Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	1339.666	/	( ( (28070.295 - 4228.594)	+	(27258.435 - 4029.394) )	/ 2 )
	=	1339.666	/	( (23841.701	+	23229.041)	/ 2 )
	=	1339.666	/	23535.371
	=	5.69 %

AGRO-KANESHO Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	2940.024	/	( ( (26925.979 - 3710.474)	+	(27024.978 - 3190.554) )	/ 2 )
	=	2940.024	/	( ( 23215.505	+	23834.424 )	/ 2 )
	=	2940.024	/	23524.9645
	=	12.50 %

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

AGRO-KANESHO Co (TSE:4955) 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.

AGRO-KANESHO Co ROCE % Related Terms

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AGRO-KANESHO Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » AGRO-KANESHO Co Ltd (TSE:4955) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Akasaka Shasta-East, Building 4-2-19 Akasaka, 4-2-19 Akasaka, Minato-ku, Tokyo, JPN, 1070052

Website

http://www.agrokanesho.co.jp

AGRO-KANESHO Co Ltd is engaged in the business of producing and selling agrochemicals, home and garden-use chemicals and fertilizers.

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