ELAN (TSE:6099) ROCE % : 31.13% (As of Jun. 2024)

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What is ELAN 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. ELAN's annualized ROCE % for the quarter that ended in Jun. 2024 was 31.13%.

ELAN ROCE % Historical Data

The historical data trend for ELAN'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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ELAN ROCE % Chart

ELAN Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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32.14

36.89

40.80

40.88

36.72

ELAN Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															37.12	35.45	38.89	31.13	27.81

ELAN ROCE % Calculation

ELAN'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 )
	=	3665.409	/	( ( (16072.15 - 7011.89)	+	(18993.237 - 8088.663) )	/ 2 )
	=	3665.409	/	( (9060.26	+	10904.574)	/ 2 )
	=	3665.409	/	9982.417
	=	36.72 %

ELAN'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 )
	=	3486.4	/	( ( (18499.633 - 7616.891)	+	(19363.93 - 7849.421) )	/ 2 )
	=	3486.4	/	( ( 10882.742	+	11514.509 )	/ 2 )
	=	3486.4	/	11198.6255
	=	31.13 %

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

ELAN (TSE:6099) 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.

ELAN ROCE % Related Terms

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ELAN Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » ELAN Corp (TSE:6099) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

25E:Germany

Address

Nagano Prefecture, Degawa-cho, 15-12, Matsumoto, JPN, 390-0826

Website

http://www.kkelan.com

ELAN Corp operates in the medical industry. The company provides "CS set" system for renting personal items, clothing and towels.

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