Japan Eyewear Holdings Co (TSE:5889) ROCE % : 19.93% (As of Jul. 2024)

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What is Japan Eyewear Holdings 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 Eyewear Holdings Co's annualized ROCE % for the quarter that ended in Jul. 2024 was 19.93%.

Japan Eyewear Holdings Co ROCE % Historical Data

The historical data trend for Japan Eyewear Holdings 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 Eyewear Holdings Co ROCE % Chart

Japan Eyewear Holdings Co Annual Data

Trend

Jan21

Jan22

Jan23

Jan24

ROCE %

4.80

8.07

12.88

Japan Eyewear Holdings Co Quarterly Data
	Jan22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial					15.03	12.71	13.93	15.54	19.93

Japan Eyewear Holdings Co ROCE % Calculation

Japan Eyewear Holdings Co's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	3704	/	( ( (31170 - 4144)	+	(34766 - 4293) )	/ 2 )
	=	3704	/	( (27026	+	30473)	/ 2 )
	=	3704	/	28749.5
	=	12.88 %

Japan Eyewear Holdings Co's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	6240	/	( ( (35276 - 4184)	+	(36136 - 4616) )	/ 2 )
	=	6240	/	( ( 31092	+	31520 )	/ 2 )
	=	6240	/	31306
	=	19.93 %

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

Japan Eyewear Holdings Co (TSE:5889) 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 Eyewear Holdings Co ROCE % Related Terms

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Japan Eyewear Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Japan Eyewear Holdings Co Ltd (TSE:5889) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

712-2 Yoshiecho, Fukui Prefecture, Sabae, JPN, 916-0001

Website

https://www.japan-eyewear-holdings.co.jp

Japan Eyewear Holdings Co Ltd is engaged in the planning, design, manufacturing, retail and wholesale of Eyewear.

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