Nikkiso Co (TSE:6376) ROCE % : 9.56% (As of Dec. 2024)

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What is Nikkiso 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. Nikkiso Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 9.56%.

Nikkiso Co ROCE % Historical Data

The historical data trend for Nikkiso 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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Nikkiso Co ROCE % Chart

Nikkiso Co Annual Data

Trend

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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5.23

2.47

16.92

6.05

5.03

Nikkiso Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															6.33	6.88	7.03	-3.66	9.56

Nikkiso Co ROCE % Calculation

Nikkiso Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	11000	/	( ( (296228 - 101696)	+	(325563 - 82653) )	/ 2 )
	=	11000	/	( (194532	+	242910)	/ 2 )
	=	11000	/	218721
	=	5.03 %

Nikkiso Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	22704	/	( ( (311113 - 78801)	+	(325563 - 82653) )	/ 2 )
	=	22704	/	( ( 232312	+	242910 )	/ 2 )
	=	22704	/	237611
	=	9.56 %

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

Nikkiso Co (TSE:6376) 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.

Nikkiso Co ROCE % Related Terms

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Nikkiso Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nikkiso Co Ltd (TSE:6376) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NKO:Germany

Address

4-20-3, Ebisu, Shibuya-ku, Tokyo, JPN, 150-6022

Website

http://www.nikkiso.co.jp

Nikkiso Co Ltd is a Japan-based industrial company that operates through four divisions. The industrial division manufactures and distributes fluid equipment for process industries. The precision equipment business division manufactures and sells water conditioning systems, particle characterization instruments, multilayer ceramic electronic components production equipment, and systems. The aerospace division manufactures, distributes, and consults for carbon-fiber-reinforced plastic products. The medical division manufactures and sells hemodialysis machines, dialyzers, blood tubing sets, and other products. The company has a presence, with the majority of its sales coming from Japan, Asia excluding Japan, North America, and Europe.

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