Chofu Seisakusho Co (TSE:5946) ROCE % : 2.63% (As of Mar. 2024)

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What is Chofu Seisakusho 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. Chofu Seisakusho Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.63%.

Chofu Seisakusho Co ROCE % Historical Data

The historical data trend for Chofu Seisakusho 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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Chofu Seisakusho Co ROCE % Chart

Chofu Seisakusho Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.34

2.95

3.22

4.17

4.30

Chofu Seisakusho 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															4.53	3.51	3.52	5.60	2.63

Chofu Seisakusho Co ROCE % Calculation

Chofu Seisakusho 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 )
	=	5679	/	( ( (138140 - 8644)	+	(142015 - 7619) )	/ 2 )
	=	5679	/	( (129496	+	134396)	/ 2 )
	=	5679	/	131946
	=	4.30 %

Chofu Seisakusho 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 )
	=	3552	/	( ( (142015 - 7619)	+	(144706 - 8940) )	/ 2 )
	=	3552	/	( ( 134396	+	135766 )	/ 2 )
	=	3552	/	135081
	=	2.63 %

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

Chofu Seisakusho Co (TSE:5946) 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.

Chofu Seisakusho Co ROCE % Related Terms

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Chofu Seisakusho Co (TSE:5946) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Chofu Seisakusho Co Ltd (TSE:5946) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1 Chofuogimachi, Shimonoseki-shi, YMC, JPN, 752-8555

Website

http://www.chofu.co.jp

Chofu Seisakusho Co Ltd is a Japanese manufacturing company that produces and sells water heaters, air conditioners, heat pump systems, solar equipment, and commercial equipment. It operates solely across Japan. These operations are divided among its sales and marketing, manufacturing and engineering, research and development, and quality control activities.

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