Kawagishi Bridge Works Co (TSE:5921) ROCE % : 3.27% (As of Mar. 2024)

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What is Kawagishi Bridge Works 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. Kawagishi Bridge Works Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.27%.

Kawagishi Bridge Works Co ROCE % Historical Data

The historical data trend for Kawagishi Bridge Works 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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Kawagishi Bridge Works Co ROCE % Chart

Kawagishi Bridge Works Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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5.31

6.76

5.72

5.28

5.93

Kawagishi Bridge Works Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															8.18	0.42	8.73	3.27	-

Kawagishi Bridge Works Co ROCE % Calculation

Kawagishi Bridge Works Co's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	1669.123	/	( ( (32440.632 - 4819.788)	+	(34170.814 - 5462.822) )	/ 2 )
	=	1669.123	/	( (27620.844	+	28707.992)	/ 2 )
	=	1669.123	/	28164.418
	=	5.93 %

Kawagishi Bridge Works Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	916.856	/	( ( (34024.526 - 6221.714)	+	(34266.744 - 5960.481) )	/ 2 )
	=	916.856	/	( ( 27802.812	+	28306.263 )	/ 2 )
	=	916.856	/	28054.5375
	=	3.27 %

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

Kawagishi Bridge Works Co (TSE:5921) 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.

Kawagishi Bridge Works Co ROCE % Related Terms

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Kawagishi Bridge Works Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kawagishi Bridge Works Co Ltd (TSE:5921) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2-13 Higashi-Shinbashi MInato-ku, Tokyo, JPN, 105-0021

Website

http://www.kawagishi.co.jp

Kawagishi Bridge Works Co Ltd is a Japanese based company involved in the business of designing, manufacture and field construction of steel structures such as steel frames and others. It is also involved in the precast concrete business.

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