Nakanishi Mfg Co (TSE:5941) ROCE % : 28.06% (As of Mar. 2024)

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What is Nakanishi Mfg 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. Nakanishi Mfg Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 28.06%.

Nakanishi Mfg Co ROCE % Historical Data

The historical data trend for Nakanishi Mfg 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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Nakanishi Mfg Co ROCE % Chart

Nakanishi Mfg Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.94

7.95

9.66

6.82

10.86

Nakanishi Mfg Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															16.53	-7.65	21.71	1.78	28.06

Nakanishi Mfg Co ROCE % Calculation

Nakanishi Mfg 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 )
	=	2138.996	/	( ( (26133.587 - 7152.5)	+	(29097.061 - 8685.182) )	/ 2 )
	=	2138.996	/	( (18981.087	+	20411.879)	/ 2 )
	=	2138.996	/	19696.483
	=	10.86 %

Nakanishi Mfg 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 )
	=	5557.316	/	( ( (26773.101 - 7572.289)	+	(29097.061 - 8685.182) )	/ 2 )
	=	5557.316	/	( ( 19200.812	+	20411.879 )	/ 2 )
	=	5557.316	/	19806.3455
	=	28.06 %

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

Nakanishi Mfg Co (TSE:5941) 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.

Nakanishi Mfg Co ROCE % Related Terms

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Nakanishi Mfg Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nakanishi Mfg Co Ltd (TSE:5941) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 14, Minami-ku, Minami-ku, Osaka, JPN

Website

http://www.nakanishi.co.jp

Nakanishi Mfg Co Ltd is a Japan-based company engaged in the manufacture and sale of kitchen equipment. It is involved in the manufacture and sale of kitchen instruments for business purposes, such as utensils washing machines, rice-cooking systems and utensils disinfection and storage machines, among others. The company provides its products to schools, hospitals, business institutions and restaurants.

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