Hamamatsu Photonics KK (TSE:6965) ROCE % : 7.08% (As of Sep. 2024)

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What is Hamamatsu Photonics KK 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. Hamamatsu Photonics KK's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.08%.

Hamamatsu Photonics KK ROCE % Historical Data

The historical data trend for Hamamatsu Photonics KK'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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Hamamatsu Photonics KK ROCE % Chart

Hamamatsu Photonics KK Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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9.91

14.52

21.52

18.58

10.35

Hamamatsu Photonics KK Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															17.56	14.12	11.78	8.53	7.08

Hamamatsu Photonics KK ROCE % Calculation

Hamamatsu Photonics KK's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	35609	/	( ( (402921 - 68500)	+	(434634 - 80734) )	/ 2 )
	=	35609	/	( (334421	+	353900)	/ 2 )
	=	35609	/	344160.5
	=	10.35 %

Hamamatsu Photonics KK's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	25064	/	( ( (0 - 0)	+	(434634 - 80734) )	/ 1 )
	=	25064	/	( ( 0	+	353900 )	/ 1 )
	=	25064	/	353900
	=	7.08 %

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

Hamamatsu Photonics KK (TSE:6965) 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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Hamamatsu Photonics KK Business Description

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Address

325-6, Sunayama-cho, Naka-ku, Shizuoka Pref, Hamamatsu, JPN, 430-8587

Website

http://www.hamamatsu.com

Hamamatsu Photonics KK is a Japan-based company that manufactures and distributes optical components and devices for use in life science equipment and systems, drug discovery systems, and material evaluation systems. The firm operates in four segments: Electronic Tube segment, which manufactures photomultiplier tubes; Optical Semiconductor segment, which sells optical sensors and other semiconductor components; Image Measuring Equipment, which manufactures the equipment for various measurement systems; and Others, which includes the hospitality business.

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