Japan Material Co (TSE:6055) ROCE % : 19.56% (As of Dec. 2023)

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What is Japan Material 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. Japan Material Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.56%.

Japan Material Co ROCE % Historical Data

The historical data trend for Japan Material 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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Japan Material Co ROCE % Chart

Japan Material Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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31.19

29.18

26.95

26.80

17.00

Japan Material 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															16.44	14.25	15.14	19.56	20.14

Japan Material Co ROCE % Calculation

Japan Material 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 )
	=	8067	/	( ( (52433.789 - 7132.023)	+	(56427 - 6809) )	/ 2 )
	=	8067	/	( (45301.766	+	49618)	/ 2 )
	=	8067	/	47459.883
	=	17.00 %

Japan Material Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	9216	/	( ( (53699 - 7481)	+	(54529 - 6521) )	/ 2 )
	=	9216	/	( ( 46218	+	48008 )	/ 2 )
	=	9216	/	47113
	=	19.56 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Japan Material Co (TSE:6055) 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.

Japan Material Co ROCE % Related Terms

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Japan Material Co (TSE:6055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Japan Material Co Ltd (TSE:6055) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3098 No. 22 Nagai Komono County, Komono-cho, Mie-gun, Mie, JPN

Website

http://www.j-material.jp

Japan Material Co Ltd is engaged in manufacturing specialty gas supply devices and providing piping work and other related services. The company operates through two segments namely Electronics and Graphics solutions. Its Electronics segment is involved in the development, manufacture, and sale of gas supply systems for semiconductors and liquid crystal production, and various maintenance services. The Graphics solutions segment import, plan, market, and support multi-monitor compatible graphics products for various systems.

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