Kohsoku (TSE:7504) ROCE % : 15.73% (As of Dec. 2023)

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What is Kohsoku 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. Kohsoku's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.73%.

Kohsoku ROCE % Historical Data

The historical data trend for Kohsoku'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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Kohsoku ROCE % Chart

Kohsoku Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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11.22

10.68

10.76

11.25

11.53

Kohsoku Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															15.74	6.12	10.97	12.38	15.73

Kohsoku ROCE % Calculation

Kohsoku'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 )
	=	4008.44	/	( ( (52473.421 - 18736.751)	+	(55900.377 - 20077.702) )	/ 2 )
	=	4008.44	/	( (33736.67	+	35822.675)	/ 2 )
	=	4008.44	/	34779.6725
	=	11.53 %

Kohsoku'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 )
	=	5880.724	/	( ( (58357.24 - 21278.856)	+	(63597.411 - 25890.269) )	/ 2 )
	=	5880.724	/	( ( 37078.384	+	37707.142 )	/ 2 )
	=	5880.724	/	37392.763
	=	15.73 %

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

Kohsoku (TSE:7504) 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.

Kohsoku ROCE % Related Terms

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Kohsoku (TSE:7504) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Kohsoku Corp (TSE:7504) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4-20, Ogimachi 7chome, Miyagino District, Sendai, JPN, 983-855

Website

http://www.kohsoku.com

Kohsoku Corp manufactures and sells light packaging materials. The company offers food containers, film, plastic bags, buffer materials, office supplies, store equipment, and paper products, among others.

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