Kyoritsu Air Tech (TSE:5997) ROCE % : 5.09% (As of Jun. 2024)

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What is Kyoritsu Air Tech 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. Kyoritsu Air Tech's annualized ROCE % for the quarter that ended in Jun. 2024 was 5.09%.

Kyoritsu Air Tech ROCE % Historical Data

The historical data trend for Kyoritsu Air Tech'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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Kyoritsu Air Tech ROCE % Chart

Kyoritsu Air Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.00

8.83

8.65

6.67

8.40

Kyoritsu Air Tech Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															4.56	7.71	8.95	9.68	5.09

Kyoritsu Air Tech ROCE % Calculation

Kyoritsu Air Tech'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 )
	=	745.886	/	( ( (13840.036 - 5292.579)	+	(14957.048 - 5735.685) )	/ 2 )
	=	745.886	/	( (8547.457	+	9221.363)	/ 2 )
	=	745.886	/	8884.41
	=	8.40 %

Kyoritsu Air Tech's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	483.804	/	( ( (14853.961 - 5424.857)	+	(14904.008 - 5330.095) )	/ 2 )
	=	483.804	/	( ( 9429.104	+	9573.913 )	/ 2 )
	=	483.804	/	9501.5085
	=	5.09 %

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

Kyoritsu Air Tech (TSE:5997) 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.

Kyoritsu Air Tech ROCE % Related Terms

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Kyoritsu Air Tech Business Description

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Address

1034 Daisuki-cho, Kasuya-gun, Fukuoka prefecture, Fukuoka, JPN, 811-2414

Website

http://www.kak-net.co.jp

Kyoritsu Air Tech Inc is a Japanese firm engaged in the manufacturing of air-conditioners and various ventilation products. It has building equipment business and housing equipment business. Its products include the flocking air supply unit, variable air volume unit, ventilation unit, fan coil unit, air-disaster prevention damper, and air diffusers.

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