Nissei Plastic Industrial Co (TSE:6293) ROCE % : 4.61% (As of Dec. 2023)

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What is Nissei Plastic Industrial 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. Nissei Plastic Industrial Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.61%.

Nissei Plastic Industrial Co ROCE % Historical Data

The historical data trend for Nissei Plastic Industrial 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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Nissei Plastic Industrial Co ROCE % Chart

Nissei Plastic Industrial Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.59

2.90

2.98

9.29

5.21

Nissei Plastic Industrial Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															2.38	3.79	6.08	1.89	4.61

Nissei Plastic Industrial Co ROCE % Calculation

Nissei Plastic Industrial Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	2548	/	( ( (68852 - 22489)	+	(77645 - 26229) )	/ 2 )
	=	2548	/	( (46363	+	51416)	/ 2 )
	=	2548	/	48889.5
	=	5.21 %

Nissei Plastic Industrial 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 )
	=	2444	/	( ( (81523 - 29259)	+	(90002 - 36192) )	/ 2 )
	=	2444	/	( ( 52264	+	53810 )	/ 2 )
	=	2444	/	53037
	=	4.61 %

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

Nissei Plastic Industrial Co (TSE:6293) 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.

Nissei Plastic Industrial Co ROCE % Related Terms

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Nissei Plastic Industrial Co (TSE:6293) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nissei Plastic Industrial Co Ltd (TSE:6293) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6293:Japan

Address

2110 Minamijo, Nagano-ken, Hanishina-gun, Sakaki-machi, JPN, 389-0693

Website

http://www.nisseijushi.co.jp

Nissei Plastic Industrial Co Ltd develops, manufactures, and sells injection molding machines, molds, composite materials, auto-molding systems, measuring instruments. It offers hybrid and electric horizontal injection molding machines; hybrid and electric vertical injection molding machines, and hybrid compact vertical injection molding machines; hybrid and electric 2-color/dissimilar material molding machines; nitrogen gas generators; quality/production control systems; and molding data collecting/recording/analyzing systems.

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