Okamoto Industries (TSE:5122) ROCE % : 4.69% (As of Sep. 2024)

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What is Okamoto Industries 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. Okamoto Industries's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.69%.

Okamoto Industries ROCE % Historical Data

The historical data trend for Okamoto Industries'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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Okamoto Industries ROCE % Chart

Okamoto Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.63

10.14

9.13

8.60

9.63

Okamoto Industries 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															13.49	0.86	11.46	4.69	13.27

Okamoto Industries ROCE % Calculation

Okamoto Industries'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 )
	=	9516	/	( ( (127176 - 36330)	+	(143858 - 36976) )	/ 2 )
	=	9516	/	( (90846	+	106882)	/ 2 )
	=	9516	/	98864
	=	9.63 %

Okamoto Industries'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 )
	=	5096	/	( ( (146197 - 36025)	+	(145226 - 38045) )	/ 2 )
	=	5096	/	( ( 110172	+	107181 )	/ 2 )
	=	5096	/	108676.5
	=	4.69 %

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

Okamoto Industries (TSE:5122) 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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Okamoto Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Okamoto Industries Inc (TSE:5122) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-27-12, Hongo, Bunkyo-ku, Tokyo, JPN, 113-8710

Website

http://www.okamoto-inc.jp

Okamoto Industries Inc is in the business of manufacturing condoms and heating pads. It is also involved in the business of plastic films, automotive materials, wallpaper, flexible container bags, adhesive tape, rubber bands, and solar power generation business. The company has manufacturing plants in Shizuoka, Ibaraki and Fukushima.

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