Nihon Nohyaku Co (TSE:4997) ROCE % : 6.36% (As of Dec. 2023)

View and export this data going back to 1963. Start your Free Trial

What is Nihon Nohyaku 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. Nihon Nohyaku Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.36%.

Nihon Nohyaku Co ROCE % Historical Data

The historical data trend for Nihon Nohyaku 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.

Nihon Nohyaku Co ROCE % Chart

Nihon Nohyaku Co Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

6.37

5.97

8.93

8.30

11.33

Nihon Nohyaku 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															8.14	19.70	8.30	0.86	6.36

Nihon Nohyaku Co ROCE % Calculation

Nihon Nohyaku 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 )
	=	9580	/	( ( (118247 - 41180)	+	(136652 - 44560) )	/ 2 )
	=	9580	/	( (77067	+	92092)	/ 2 )
	=	9580	/	84579.5
	=	11.33 %

Nihon Nohyaku 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 )
	=	5892	/	( ( (138786 - 45359)	+	(139443 - 47511) )	/ 2 )
	=	5892	/	( ( 93427	+	91932 )	/ 2 )
	=	5892	/	92679.5
	=	6.36 %

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

Nihon Nohyaku Co (TSE:4997) 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.

Nihon Nohyaku Co ROCE % Related Terms

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

Nihon Nohyaku Co (TSE:4997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Nihon Nohyaku Co Ltd (TSE:4997) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

19-8, Kyobashi 1-Chome, Chuo-ku, Tokyo, JPN, 104-8386

Website

http://www.nichino.co.jp

Nihon Nohyaku Co Ltd is engaged in agrochemicals. The company's products are divided into four business divisions Agrochemicals, Agricultural materials, Pharmaceuticals and veterinary products, and Wood preservative. The agrochemicals manufacture and sells crop-protection chemicals, including fungicides, insecticides, herbicides, and miticides. The agricultural materials division sells home gardening and termite protection products, and Pharmaceuticals and veterinary the company branched off from its toxicological research on FUJI-ONE to develop and put on the market KANTEC. It is a product designed to improve liver protein metabolism.

Nihon Nohyaku Co (TSE:4997) Headlines

No Headlines