Nippon Seiki Co (TSE:7287) ROCE % : 2.33% (As of Sep. 2024)

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What is Nippon Seiki 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. Nippon Seiki Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.33%.

Nippon Seiki Co ROCE % Historical Data

The historical data trend for Nippon Seiki 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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Nippon Seiki Co ROCE % Chart

Nippon Seiki Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.28

3.09

-0.56

2.88

5.61

Nippon Seiki Co 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															7.61	3.75	3.54	4.49	2.33

Nippon Seiki Co ROCE % Calculation

Nippon Seiki 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 )
	=	14073	/	( ( (356233 - 118491)	+	(338632 - 74470) )	/ 2 )
	=	14073	/	( (237742	+	264162)	/ 2 )
	=	14073	/	250952
	=	5.61 %

Nippon Seiki Co'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 )
	=	5940	/	( ( (0 - 0)	+	(323074 - 68599) )	/ 1 )
	=	5940	/	( ( 0	+	254475 )	/ 1 )
	=	5940	/	254475
	=	2.33 %

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

Nippon Seiki Co (TSE:7287) 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.

Nippon Seiki Co ROCE % Related Terms

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Nippon Seiki Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nippon Seiki Co Ltd (TSE:7287) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Higashizao 2-34 2-chome, Nagaoka, Niigata, JPN, 940-8580

Website

http://www.nippon-seiki.co.jp

Nippon Seiki Co Ltd is a manufacturer of automobile components sold on aftermarkets. The range of products include instrument clusters for automobiles and motorcycles and other applications for head-up displays; level, revolution, pressure, and temperature sensors; household appliances, office and factory automation appliances; and passive LCD and OLED display products. On the aftermarkets, Nippon Seiki sells its product under its private label Defi. The company generates the majority of its revenue from automotive instruments, with a focus on Japan, the Americas, and the rest of Asia.

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