Daiwa Tsushin Co (TSE:7116) ROCE % : 7.82% (As of Dec. 2023)

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What is Daiwa Tsushin 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. Daiwa Tsushin Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.82%.

Daiwa Tsushin Co ROCE % Historical Data

The historical data trend for Daiwa Tsushin 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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Daiwa Tsushin Co ROCE % Chart

Daiwa Tsushin Co Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

83.61

22.90

13.09

Daiwa Tsushin Co Quarterly Data
	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			15.98	9.65	5.72	13.60	7.82

Daiwa Tsushin Co ROCE % Calculation

Daiwa Tsushin Co'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 )
	=	382.771	/	( ( (3344.653 - 500.954)	+	(3750.808 - 746.324) )	/ 2 )
	=	382.771	/	( (2843.699	+	3004.484)	/ 2 )
	=	382.771	/	2924.0915
	=	13.09 %

Daiwa Tsushin 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 )
	=	241.08	/	( ( (3616.946 - 545.726)	+	(3604.62 - 511.599) )	/ 2 )
	=	241.08	/	( ( 3071.22	+	3093.021 )	/ 2 )
	=	241.08	/	3082.1205
	=	7.82 %

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

Daiwa Tsushin Co (TSE:7116) 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.

Daiwa Tsushin Co ROCE % Related Terms

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Daiwa Tsushin Co (TSE:7116) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Daiwa Tsushin Co Ltd (TSE:7116) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-180 Irie, Kanazawa-shi, Ishikawa, JPN, 921-8011

Website

https://www.daiwawa.com

Daiwa Tsushin Co Ltd operates in the security business. It is engaged in the planning and sales of security cameras, provision of solutions using face recognition technology and mobile business.

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