Nippon Concrete Industries Co (TSE:5269) ROCE % : 4.33% (As of Sep. 2024)

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What is Nippon Concrete Industries 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 Concrete Industries Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.33%.

Nippon Concrete Industries Co ROCE % Historical Data

The historical data trend for Nippon Concrete Industries 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 Concrete Industries Co ROCE % Chart

Nippon Concrete Industries Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.30

6.34

3.46

0.43

4.40

Nippon Concrete Industries Co 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															4.58	0.81	5.15	4.33	2.60

Nippon Concrete Industries Co ROCE % Calculation

Nippon Concrete Industries Co'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 )
	=	2349.979	/	( ( (77063.214 - 25466.236)	+	(81995.712 - 26887.772) )	/ 2 )
	=	2349.979	/	( (51596.978	+	55107.94)	/ 2 )
	=	2349.979	/	53352.459
	=	4.40 %

Nippon Concrete Industries Co'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 )
	=	2331.848	/	( ( (0 - 0)	+	(77154.325 - 23283.848) )	/ 1 )
	=	2331.848	/	( ( 0	+	53870.477 )	/ 1 )
	=	2331.848	/	53870.477
	=	4.33 %

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

Nippon Concrete Industries Co (TSE:5269) 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 Concrete Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Nippon Concrete Industries Co Ltd (TSE:5269) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-6-14 Shibaura, NC Shibaura Building, Minatoku, Tokyo, JPN, 108-0023

Website

http://www.ncic.co.jp

Nippon Concrete Industries Co Ltd is a Japan-based company operating in the basic material sector. It is engaged in the production, sales, and marketing of various construction and building materials. Products offered by the company include concrete poles, foundations, precast concrete wall, civil engineering products, precast building material and sound absorber materials. Nippon has world-wide operations with a presence in Myanmar, Indonesia, China, and Korea.

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