Flobal (TSE:7132) ROCE % : 12.91% (As of Sep. 2023)

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What is Flobal 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. Flobal's annualized ROCE % for the quarter that ended in Sep. 2023 was 12.91%.

Flobal ROCE % Historical Data

The historical data trend for Flobal'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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Flobal ROCE % Chart

Flobal Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

11.58

9.08

17.54

3.85

Flobal Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			12.01	22.57	6.32	1.35	12.91

Flobal ROCE % Calculation

Flobal'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 )
	=	87.791	/	( ( (3408.995 - 1170.988)	+	(3768.865 - 1443.051) )	/ 2 )
	=	87.791	/	( (2238.007	+	2325.814)	/ 2 )
	=	87.791	/	2281.9105
	=	3.85 %

Flobal's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	307.862	/	( ( (3768.865 - 1443.051)	+	(3829.09 - 1383.8) )	/ 2 )
	=	307.862	/	( ( 2325.814	+	2445.29 )	/ 2 )
	=	307.862	/	2385.552
	=	12.91 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Flobal (TSE:7132) 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.

Flobal ROCE % Related Terms

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Flobal (TSE:7132) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Flobal Corp (TSE:7132) » Definitions » ROCE %

Comparable Companies

WAR:HOR SGX:AWE XKLS:5035 WARM IST:TGSAS MJHI BKK:THMUI KUW:EQUIPMENT ISX:INTA XKLS:0158

Traded in Other Exchanges

N/A

Address

1-15-10, Nishihonmachi, Nishi-ku, 14th Floor, Tatsuno Nishihonmachi Building, Osaka, JPN, 550-0005

Website

https://www.flobal.jp

Flobal Corp is engaged in trading and manufacturing plumbing parts and components, including connectors, valves, and metal fittings for hoses.

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