Furukawa Battery Co (TSE:6937) ROCE % : 9.49% (As of Dec. 2023)

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What is Furukawa Battery 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. Furukawa Battery Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.49%.

Furukawa Battery Co ROCE % Historical Data

The historical data trend for Furukawa Battery 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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Furukawa Battery Co ROCE % Chart

Furukawa Battery Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.12

11.66

4.48

9.02

Furukawa Battery 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															13.50	6.15	4.03	9.49	17.37

Furukawa Battery Co ROCE % Calculation

Furukawa Battery Co'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 )
	=	4173	/	( ( (63278 - 17318)	+	(65461 - 18850) )	/ 2 )
	=	4173	/	( (45960	+	46611)	/ 2 )
	=	4173	/	46285.5
	=	9.02 %

Furukawa Battery 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 )
	=	4232	/	( ( (64368 - 19449)	+	(65963 - 21732) )	/ 2 )
	=	4232	/	( ( 44919	+	44231 )	/ 2 )
	=	4232	/	44575
	=	9.49 %

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

Furukawa Battery Co (TSE:6937) 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.

Furukawa Battery Co ROCE % Related Terms

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Furukawa Battery Co (TSE:6937) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Furukawa Battery Co Ltd (TSE:6937) » Definitions » ROCE %

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FBB:Germany

Address

Hoshikawa SF Building, 2-4-1 Hoshikawa, Hodogaya-Ku, Yokohama, Kanagawa Prefecture, JPN, 240-0006

Website

http://www.furukawadenchi.co.jp

Furukawa Battery Co Ltd manufactures batteries for automobile, industrial infrastructure, disaster prevention and train, aircraft and space development industries. Automobile segment manufactures batteries for k-cars, mid-size cars, large size cars and motorcycles and also for hybrid and iss cars. Industrial infrastructure segment encompasses storage batteries combined with various power supply devices. Its products are the lead acid storage battery, alkaline storage battery, solar power generation systems for industrial use, battery condition watcher, automotive batteries, motorcycle battery, railway carrier batteries, cycle service storage batteries and power supplies. Automobile segment generates most of the revenues for the company.

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