Nippon Chemi-Con (TSE:6997) ROCE % : 0.49% (As of Sep. 2024)

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What is Nippon Chemi-Con 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. Nippon Chemi-Con's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.49%.

Nippon Chemi-Con ROCE % Historical Data

The historical data trend for Nippon Chemi-Con'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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Nippon Chemi-Con ROCE % Chart

Nippon Chemi-Con Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-5.01

3.47

-11.24

5.81

-17.44

Nippon Chemi-Con Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															6.39	7.65	3.85	0.49	1.00

Nippon Chemi-Con ROCE % Calculation

Nippon Chemi-Con'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 )
	=	-17569	/	( ( (162741 - 59181)	+	(172921 - 75017) )	/ 2 )
	=	-17569	/	( (103560	+	97904)	/ 2 )
	=	-17569	/	100732
	=	-17.44 %

Nippon Chemi-Con'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 )
	=	536	/	( ( (0 - 0)	+	(158333 - 49865) )	/ 1 )
	=	536	/	( ( 0	+	108468 )	/ 1 )
	=	536	/	108468
	=	0.49 %

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

Nippon Chemi-Con (TSE:6997) 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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Nippon Chemi-Con Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nippon Chemi-Con Corp (TSE:6997) » Definitions » ROCE %

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NCZ:Germany

Address

5-6-4, Osaki, Shinagawa-ku, Tokyo, JPN, 141-8605

Website

http://www.chemi-con.co.jp

Nippon Chemi-Con Corp is a Japan-based company, engages in the manufacture and sale of aluminum materials, capacitors, precision mechanical components, and electronics. The company provides the manufacture and sale of aluminum electrolytic capacitors and related products including aluminum foils. It also provides multilayer ceramic capacitors, film capacitors, metal oxide varistors TNR, nanocrystalline/amorphous/dust choke coils, electric double layer capacitors, and electro-mechanical products.

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