Odawara Auto-Machine Mfg Co (TSE:7314) ROCE % : 1.22% (As of Jun. 2024)

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What is Odawara Auto-Machine Mfg 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. Odawara Auto-Machine Mfg Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 1.22%.

Odawara Auto-Machine Mfg Co ROCE % Historical Data

The historical data trend for Odawara Auto-Machine Mfg 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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Odawara Auto-Machine Mfg Co ROCE % Chart

Odawara Auto-Machine Mfg Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.61

5.09

3.42

0.85

5.35

Odawara Auto-Machine Mfg Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-16.04	-21.27	66.71	10.82	1.22

Odawara Auto-Machine Mfg Co ROCE % Calculation

Odawara Auto-Machine Mfg Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	228.606	/	( ( (5416.514 - 1141.819)	+	(7670.425 - 3402.562) )	/ 2 )
	=	228.606	/	( (4274.695	+	4267.863)	/ 2 )
	=	228.606	/	4271.279
	=	5.35 %

Odawara Auto-Machine Mfg Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	52.136	/	( ( (8362.785 - 4103.915)	+	(8564.554 - 4296.996) )	/ 2 )
	=	52.136	/	( ( 4258.87	+	4267.558 )	/ 2 )
	=	52.136	/	4263.214
	=	1.22 %

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

Odawara Auto-Machine Mfg Co (TSE:7314) 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.

Odawara Auto-Machine Mfg Co ROCE % Related Terms

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Odawara Auto-Machine Mfg Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Odawara Auto-Machine Mfg Co Ltd (TSE:7314) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, No. 11 chome Naka, Kanagawa Prefecture, Odawara, JPN, 250-0005

Website

http://www.odawarakiki.com

Odawara Auto-Machine Mfg Co Ltd is engaged in fare collecting equipment business and system development business which include design, manufacture and sale of fare collecting equipment for one man bus, import, export sales of system development, engineering, software design, and system and equipment.

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