GIKEN (TSE:6289) ROCE % : -3.54% (As of Aug. 2024)

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What is GIKEN 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. GIKEN's annualized ROCE % for the quarter that ended in Aug. 2024 was -3.54%.

GIKEN ROCE % Historical Data

The historical data trend for GIKEN'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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GIKEN ROCE % Chart

GIKEN Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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5.76

11.21

11.58

3.95

6.86

GIKEN Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial															7.95	12.77	13.50	5.17	-3.54

GIKEN ROCE % Calculation

GIKEN's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	2773	/	( ( (51388 - 11396)	+	(48129 - 7312) )	/ 2 )
	=	2773	/	( (39992	+	40817)	/ 2 )
	=	2773	/	40404.5
	=	6.86 %

GIKEN's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	-1440	/	( ( (48861 - 8426)	+	(48129 - 7312) )	/ 2 )
	=	-1440	/	( ( 40435	+	40817 )	/ 2 )
	=	-1440	/	40626
	=	-3.54 %

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

GIKEN (TSE:6289) 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.

GIKEN ROCE % Related Terms

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GIKEN Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » GIKEN Ltd (TSE:6289) » Definitions » ROCE %

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N/A

Address

3948-1 Nunoshida, Kochi-shi, Kochi, JPN, 7815195

Website

http://www.giken.com

GIKEN Ltd. develops environmentally friendly construction solutions; manufacture and sells industrial machines; and develops solutions to leverage underground space. The products of the company include Silent Piler, GRB System Equipment, Auxiliary Equipment, and Automated Parking Facilities among others.

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