Nippon Electric Glass Co (TSE:5214) ROCE % : 9.22% (As of Jun. 2024)

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What is Nippon Electric Glass 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. Nippon Electric Glass Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 9.22%.

Nippon Electric Glass Co ROCE % Historical Data

The historical data trend for Nippon Electric Glass 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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Nippon Electric Glass Co ROCE % Chart

Nippon Electric Glass Co Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.15

3.65

6.99

6.76

-4.52

Nippon Electric Glass Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															0.25	-9.15	18.66	9.22	-0.30

Nippon Electric Glass Co ROCE % Calculation

Nippon Electric Glass 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 )
	=	-27344	/	( ( (747907 - 131665)	+	(703917 - 109042) )	/ 2 )
	=	-27344	/	( (616242	+	594875)	/ 2 )
	=	-27344	/	605558.5
	=	-4.52 %

Nippon Electric Glass 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 )
	=	55876	/	( ( (729845 - 134970)	+	(747328 - 129836) )	/ 2 )
	=	55876	/	( ( 594875	+	617492 )	/ 2 )
	=	55876	/	606183.5
	=	9.22 %

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

Nippon Electric Glass Co (TSE:5214) 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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Nippon Electric Glass Co Business Description

Industry

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Address

7-1, Seiran 2-chome, Shiga, Otsu, JPN, 520-8639

Website

http://www.neg.co.jp

Nippon Electric Glass Co Ltd is in the business of production and sale of glass products and glassmaking machinery. Its business is divided into two categories Electronics and Information Technology and Performance Materials and Others. The company produces glass for flat panel displays, optical devices, chemical strengthening, electronic devices, solar cells, fiber and building materials. The company generates most of the sales from electronics and information technology category.

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