Japan Pure Chemical Co (TSE:4973) ROCE % : 3.29% (As of Dec. 2023)

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What is Japan Pure Chemical 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. Japan Pure Chemical Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.29%.

Japan Pure Chemical Co ROCE % Historical Data

The historical data trend for Japan Pure Chemical 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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Japan Pure Chemical Co ROCE % Chart

Japan Pure Chemical Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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8.49

9.03

7.12

7.65

3.58

Japan Pure Chemical Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															2.63	1.43	1.39	2.48	3.29

Japan Pure Chemical Co ROCE % Calculation

Japan Pure Chemical Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	567.696	/	( ( (16868.491 - 550.935)	+	(15611.523 - 237.755) )	/ 2 )
	=	567.696	/	( (16317.556	+	15373.768)	/ 2 )
	=	567.696	/	15845.662
	=	3.58 %

Japan Pure Chemical Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	528.188	/	( ( (15968.392 - 276.793)	+	(16703.803 - 246.168) )	/ 2 )
	=	528.188	/	( ( 15691.599	+	16457.635 )	/ 2 )
	=	528.188	/	16074.617
	=	3.29 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Japan Pure Chemical Co (TSE:4973) 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.

Japan Pure Chemical Co ROCE % Related Terms

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Japan Pure Chemical Co (TSE:4973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Japan Pure Chemical Co Ltd (TSE:4973) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-10-18 Kitamachi, Nerima-ku, Tokyo, JPN, 179-0081

Website

http://www.netjpc.com

Japan Pure Chemical Co Ltd develops, manufactures, and sells precious metal plating chemicals for electronic devices in Japan. It offers gold electroplating formulation for semiconductor applications such as connector and soldering uses; and palladium electroplating formulation for the connector, lead frame, and decorative uses. The firm also provides a gold coating for soldering and wire bonding; electroless palladium plating formulation for wire bonding and soldering uses; and silver plating formulations. In addition, it offers strike gold plating formulation that enhances the adherence of plated coatings.

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