Azbil (TSE:6845) ROCE % : 18.54% (As of Dec. 2023)

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What is Azbil 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. Azbil's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.54%.

Azbil ROCE % Historical Data

The historical data trend for Azbil'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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Azbil ROCE % Chart

Azbil Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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14.18

14.86

14.07

14.41

15.06

Azbil 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															13.58	29.67	10.48	21.22	18.54

Azbil ROCE % Calculation

Azbil'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 )
	=	32265	/	( ( (280052 - 69452)	+	(296873 - 79015) )	/ 2 )
	=	32265	/	( (210600	+	217858)	/ 2 )
	=	32265	/	214229
	=	15.06 %

Azbil'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 )
	=	41072	/	( ( (285365 - 65652)	+	(287743 - 64300) )	/ 2 )
	=	41072	/	( ( 219713	+	223443 )	/ 2 )
	=	41072	/	221578
	=	18.54 %

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

Azbil (TSE:6845) 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.

Azbil ROCE % Related Terms

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Azbil (TSE:6845) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Azbil Corp (TSE:6845) » Definitions » ROCE %

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YMK:Germany

Address

2-7-3 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6419

Website

http://www.azbil.com

Azbil Corp is a Japan-based company that primarily operates through three segments. The building automation segment designs and manufactures building automation products, which include application software, controllers, valves, sensors, and others. This segment also provides engineering, maintenance, energy-saving, and facility management services. The advanced automation segment provides products, solutions, and engineering and maintenance services to help plants improve efficiency. The life automation segment is involved in utilities serviced, pharmaceutical and medical fields, life sciences research, and others. The company generates the majority of its revenue from the Japanese domestic market.

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