Nohmi Bosai (TSE:6744) ROCE % : 6.55% (As of Dec. 2023)

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What is Nohmi Bosai 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. Nohmi Bosai's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.55%.

Nohmi Bosai ROCE % Historical Data

The historical data trend for Nohmi Bosai'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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Nohmi Bosai ROCE % Chart

Nohmi Bosai Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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14.84

10.11

11.26

8.28

9.50

Nohmi Bosai 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															22.81	0.11	5.49	6.55	26.01

Nohmi Bosai ROCE % Calculation

Nohmi Bosai's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	12280	/	( ( (151602 - 25672)	+	(157485 - 24826) )	/ 2 )
	=	12280	/	( (125930	+	132659)	/ 2 )
	=	12280	/	129294.5
	=	9.50 %

Nohmi Bosai'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 )
	=	8300	/	( ( (143214 - 16650)	+	(144381 - 17317) )	/ 2 )
	=	8300	/	( ( 126564	+	127064 )	/ 2 )
	=	8300	/	126814
	=	6.55 %

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

Nohmi Bosai (TSE:6744) 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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Nohmi Bosai (TSE:6744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Nohmi Bosai Ltd (TSE:6744) » Definitions » ROCE %

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Address

4-7-3 Kudan-Minami, Chiyoda-ku, Tokyo, JPN, 102-8277

Website

http://www.nohmi.co.jp

Nohmi Bosai Ltd manufactures fire alarm systems. The company offers fire alarm systems and fire extinguishing systems such as automatic fire alarm systems, environmental monitoring systems, fire doors and smoke control systems, sprinkler systems, foam systems, and fire protection equipment. Its products and solutions are used in homes and large commercial and industrial facilities, including office buildings, leisure complexes, industrial plants, factories, and road tunnels. The company also offers maintenance services including inspections and repairs, telephone support, and fire protection consulting services. Nohmi Bosai operates primarily in Japan.

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