Aqualine (TSE:6173) ROCE % : -87.48% (As of Nov. 2023)

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What is Aqualine 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. Aqualine's annualized ROCE % for the quarter that ended in Nov. 2023 was -87.48%.

Aqualine ROCE % Historical Data

The historical data trend for Aqualine'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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Aqualine ROCE % Chart

Aqualine Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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11.81

-2.70

-46.52

-39.36

-20.72

Aqualine Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-50.26	49.15	-36.72	-0.45	-87.48

Aqualine ROCE % Calculation

Aqualine's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-178.851	/	( ( (2113.799 - 864.475)	+	(2021.99 - 1544.538) )	/ 2 )
	=	-178.851	/	( (1249.324	+	477.452)	/ 2 )
	=	-178.851	/	863.388
	=	-20.72 %

Aqualine's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-425.532	/	( ( (1877.493 - 1566.904)	+	(1584.217 - 921.93) )	/ 2 )
	=	-425.532	/	( ( 310.589	+	662.287 )	/ 2 )
	=	-425.532	/	486.438
	=	-87.48 %

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

Aqualine (TSE:6173) 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.

Aqualine ROCE % Related Terms

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Aqualine (TSE:6173) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Aqualine Ltd (TSE:6173) » Definitions » ROCE %

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Address

Kamihatchobori No. 8 No. 8, first Uenoyabiru, 6th floor, Hiroshima Prefecture, Hiroshima, JPN, 730-0012

Website

http://www.aqualine.jp

Aqualine Ltd is engaged in the repair of water supply products. It offers a range of services including unclogging blocks in toilets, kitchens, washrooms & bathrooms, repairing leaks, selling water supply products and totally renovating water supply systems. It also provides mineral water under aqua aqua brand name; and water dispenser services.

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