Kato Works Co (TSE:6390) ROCE % : 2.18% (As of Dec. 2023)

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What is Kato Works 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. Kato Works Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.18%.

Kato Works Co ROCE % Historical Data

The historical data trend for Kato Works 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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Kato Works Co ROCE % Chart

Kato Works Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.28

-1.20

-2.83

-11.94

4.29

Kato Works 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															7.67	2.51	5.83	14.14	2.18

Kato Works Co ROCE % Calculation

Kato Works 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 )
	=	2795	/	( ( (102645 - 35555)	+	(98799 - 35660) )	/ 2 )
	=	2795	/	( (67090	+	63139)	/ 2 )
	=	2795	/	65114.5
	=	4.29 %

Kato Works 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 )
	=	1352	/	( ( (98731 - 37514)	+	(102278 - 39501) )	/ 2 )
	=	1352	/	( ( 61217	+	62777 )	/ 2 )
	=	1352	/	61997
	=	2.18 %

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

Kato Works Co (TSE:6390) 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.

Kato Works Co ROCE % Related Terms

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Kato Works Co (TSE:6390) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Kato Works Co Ltd (TSE:6390) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-37, Higashi-ohi 1-chome, Shinagawa-ku, Tokyo, JPN, 140-0011

Website

http://www.kato-works.co.jp

Kato Works Co Ltd is a Japan-based machinery manufacturer. The company is mainly engaged in the manufacturing and sales of machinery used for lifting and construction industries. It offers various construction equipments, mobile cranes and industrial equipments including truck cranes, hydraulic excavators, rough terrain cranes, all terrain cranes, crawler cranes, mini excavators, earth boring rigs, vacuum truck, street sweepers, and snow sweepers. Kato also offers parts and services. It has Global network with presence in Iceland, Norway, Netherlands, Ireland, South Africa, Australia, Fiji, Colombia, Taiwan, Bangladesh, Turkey, Kuwait, Iraq, Iran, South Korea, among others.

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