Rheon Automatic Machinery Co (TSE:6272) ROCE % : 12.98% (As of Dec. 2023)

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What is Rheon Automatic Machinery 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. Rheon Automatic Machinery Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.98%.

Rheon Automatic Machinery Co ROCE % Historical Data

The historical data trend for Rheon Automatic Machinery 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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Rheon Automatic Machinery Co ROCE % Chart

Rheon Automatic Machinery Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.10

7.25

4.89

10.13

14.06

Rheon Automatic Machinery 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															12.39	10.42	16.97	12.98	15.97

Rheon Automatic Machinery Co ROCE % Calculation

Rheon Automatic Machinery 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 )
	=	4999.227	/	( ( (40212.675 - 6948.863)	+	(44574.82 - 6744.261) )	/ 2 )
	=	4999.227	/	( (33263.812	+	37830.559)	/ 2 )
	=	4999.227	/	35547.1855
	=	14.06 %

Rheon Automatic Machinery 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 )
	=	4652.712	/	( ( (43253.155 - 7284.085)	+	(43405.519 - 7707.861) )	/ 2 )
	=	4652.712	/	( ( 35969.07	+	35697.658 )	/ 2 )
	=	4652.712	/	35833.364
	=	12.98 %

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

Rheon Automatic Machinery Co (TSE:6272) 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.

Rheon Automatic Machinery Co ROCE % Related Terms

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Rheon Automatic Machinery Co (TSE:6272) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rheon Automatic Machinery Co Ltd (TSE:6272) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

1-12-5 Higashi Azabu, Minato-ku, Tokyo, JPN, 320-0071

Website

http://www.rheon.com

Rheon Automatic Machinery Co Ltd is a Japanese company engaged in developing, manufacturing and supplying a wide range of food processing machines, and factory systems. It develops fully automated croissant production line and automatic filled product machine. The entity sells its products in Japan, and also exports it to other countries. It offers products like encrusting machines and bread production line. The encrusting machines produce confectionery, bread and prepared products, whereas the products produced by bread production line are croissant, Danish pastry, puff pastry, loaf bread, and pizza, among other products. The equipment portfolio of the company includes equipment for encrusting, bread production, cornucopia, meat processing, pizza production, robot arm, and others.

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