EnBio Holdings (TSE:6092) ROCE % : 14.68% (As of Mar. 2024)

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What is EnBio Holdings 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. EnBio Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.68%.

EnBio Holdings ROCE % Historical Data

The historical data trend for EnBio Holdings'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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EnBio Holdings ROCE % Chart

EnBio Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.85

5.31

9.56

10.52

8.42

EnBio Holdings 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															-0.76	11.01	6.31	0.67	14.68

EnBio Holdings ROCE % Calculation

EnBio Holdings'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 )
	=	1180.635	/	( ( (17349.955 - 4471.441)	+	(19310.518 - 4144.146) )	/ 2 )
	=	1180.635	/	( (12878.514	+	15166.372)	/ 2 )
	=	1180.635	/	14022.443
	=	8.42 %

EnBio Holdings'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 )
	=	2207	/	( ( (18691.305 - 3795.427)	+	(19310.518 - 4144.146) )	/ 2 )
	=	2207	/	( ( 14895.878	+	15166.372 )	/ 2 )
	=	2207	/	15031.125
	=	14.68 %

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

EnBio Holdings (TSE:6092) 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.

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EnBio Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » EnBio Holdings Inc (TSE:6092) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Tokyo Kandata cho 2-11 O-machi Takaku Building 3F, Chiyoda-ku, Tokyo, JPN

Website

http://enbio-holdings.com

EnBio Holdings Inc is a Japanese company engaged in environmental solution business, tools and chemicals business, and brownfield revitalization business. The environmental business involves investigation, remediation and risk management consulting of contaminated soil and groundwater; Tools and chemicals business involves sales of chemicals used for environmental work such as site investigation and remediation; and brownfield revitalization business which involves purchasing and regeneration of brownfields. The objective of the company is solving soil and groundwater contamination issues.

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