Neturen Co (TSE:5976) ROCE % : 0.00% (As of Sep. 2024)

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What is Neturen 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. Neturen Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Neturen Co ROCE % Historical Data

The historical data trend for Neturen 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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Neturen Co ROCE % Chart

Neturen Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.44

1.89

6.72

1.95

3.98

Neturen 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															3.58	3.74	5.68	2.95	-

Neturen Co ROCE % Calculation

Neturen 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 )
	=	2702	/	( ( (79888 - 11797)	+	(80613 - 12794) )	/ 2 )
	=	2702	/	( (68091	+	67819)	/ 2 )
	=	2702	/	67955
	=	3.98 %

Neturen 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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	0	/	( ( (80613 - 12794)	+	(79487 - 10891) )	/ 2 )
	=	0	/	( ( 67819	+	68596 )	/ 2 )
	=	0	/	68207.5
	=	0.00 %

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

Neturen Co (TSE:5976) 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.

Neturen Co ROCE % Related Terms

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Neturen Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Neturen Co Ltd (TSE:5976) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Oval Court Ohsaki Mark West, 2-17-1 Higashi-Gotanda, Shinagawa-ku, Tokyo, JPN, 141-8639

Website

http://www.k-neturen.co.jp

Neturen Co Ltd is a steel and steel products manufacturing company. It manufactures and sells prestressing and deformed steel bars for prestressed concrete used in civil engineering and construction field; Induction Heated, Quenched and Tempered Wire used in suspension springs for auto parts and construction machine parts; and induction heating equipment for various industries. The company's segments consist of Specialty Steel and Wire Products Division and Induction Heat Treatment Service and Heating Machine Division. The majority of the revenue is derived from the manufacturing and sale of prestressing steel bars and shear reinforcement bars.

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