Di Nikko Engineering Co (TSE:6635) ROCE % : 6.79% (As of Mar. 2024)

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What is Di Nikko Engineering 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. Di Nikko Engineering Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.79%.

Di Nikko Engineering Co ROCE % Historical Data

The historical data trend for Di Nikko Engineering 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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Di Nikko Engineering Co ROCE % Chart

Di Nikko Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.41

6.42

1.76

12.11

6.26

Di Nikko Engineering Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.69	5.05	8.37	6.13	6.79

Di Nikko Engineering Co ROCE % Calculation

Di Nikko Engineering Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	724.824	/	( ( (29855.403 - 18822.293)	+	(29197.036 - 17086.214) )	/ 2 )
	=	724.824	/	( (11033.11	+	12110.822)	/ 2 )
	=	724.824	/	11571.966
	=	6.26 %

Di Nikko Engineering Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	857.272	/	( ( (29197.036 - 17086.214)	+	(30190.859 - 17034.786) )	/ 2 )
	=	857.272	/	( ( 12110.822	+	13156.073 )	/ 2 )
	=	857.272	/	12633.4475
	=	6.79 %

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

Di Nikko Engineering Co (TSE:6635) 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.

Di Nikko Engineering Co ROCE % Related Terms

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Di Nikko Engineering Co (TSE:6635) Business Description

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Address

697-1, Nemuro, Tochigi, Nikko, JPN, 321-2342

Website

http://www.dne.co.jp

Di Nikko Engineering Co Ltd engages in the design, test, manufacture, distribution, and return/repair of electronic components and assemblies for original equipment manufacturers in Japan. Its services include the design to production of the circuit implementation of an electronic board used for an electronics product, an OA apparatus, optical goods, and communications equipment.

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