OKANO VALVE MFG Co (TSE:6492) ROCE % : 11.36% (As of Feb. 2024)

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What is OKANO VALVE MFG 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. OKANO VALVE MFG Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 11.36%.

OKANO VALVE MFG Co ROCE % Historical Data

The historical data trend for OKANO VALVE MFG 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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OKANO VALVE MFG Co ROCE % Chart

OKANO VALVE MFG Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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-6.62

3.33

5.07

8.10

OKANO VALVE MFG Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-3.16	12.66	8.69	14.60	11.36

OKANO VALVE MFG Co ROCE % Calculation

OKANO VALVE MFG Co's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	914	/	( ( (12395 - 1209)	+	(12707 - 1331) )	/ 2 )
	=	914	/	( (11186	+	11376)	/ 2 )
	=	914	/	11281
	=	8.10 %

OKANO VALVE MFG Co's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	1300	/	( ( (12707 - 1331)	+	(12622 - 1106) )	/ 2 )
	=	1300	/	( ( 11376	+	11516 )	/ 2 )
	=	1300	/	11446
	=	11.36 %

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

OKANO VALVE MFG Co (TSE:6492) 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.

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OKANO VALVE MFG Co (TSE:6492) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » OKANO VALVE MFG Co Ltd (TSE:6492) » Definitions » ROCE %

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Address

1-14 Nakamachi, Moji-ku, Kitakyusyu, JPN, 800-8601

Website

http://www.okano-valve.co.jp

OKANO VALVE MFG.CO.LTD. is the diversified industrial equipment and components manufacturer in Japan. The principal business activities of the company are the production of various valves, machinery and equipment. The company offers globe valve, gate valve, check valve, drain valve, lining valve, among others. In addition, it is involved in the various iron and steel casting, forging as well as the sale of its products.

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