Fuji (TSE:7605) ROCE % : 19.10% (As of Apr. 2024)

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What is Fuji 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. Fuji's annualized ROCE % for the quarter that ended in Apr. 2024 was 19.10%.

Fuji ROCE % Historical Data

The historical data trend for Fuji'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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Fuji ROCE % Chart

Fuji Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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19.60

16.46

19.36

23.75

23.17

Fuji Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
ROCE %	Get a 7-Day Free Trial															20.75	11.29	13.14	40.09	19.10

Fuji ROCE % Calculation

Fuji's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	5785.307	/	( ( (31528.69 - 7638.082)	+	(33684.346 - 7627.859) )	/ 2 )
	=	5785.307	/	( (23890.608	+	26056.487)	/ 2 )
	=	5785.307	/	24973.5475
	=	23.17 %

Fuji's ROCE % of for the quarter that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	5360.772	/	( ( (33892.803 - 6303.71)	+	(36762.315 - 8211.523) )	/ 2 )
	=	5360.772	/	( ( 27589.093	+	28550.792 )	/ 2 )
	=	5360.772	/	28069.9425
	=	19.10 %

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

Fuji (TSE:7605) 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.

Fuji ROCE % Related Terms

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Fuji Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fuji Corp (TSE:7605) » Definitions » ROCE %

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Address

9-3-3 Narita Tomiya-machi, Kurokawa-gun, Miyagi, JPN, 981-3341

Website

http://www.fujicorporation.com

Fuji Corp is engaged in the business of developing and trading car tire, wheel, and equipment.

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