Ohashi Technica (TSE:7628) ROCE % : 6.10% (As of Dec. 2023)

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What is Ohashi Technica 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. Ohashi Technica's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.10%.

Ohashi Technica ROCE % Historical Data

The historical data trend for Ohashi Technica'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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Ohashi Technica ROCE % Chart

Ohashi Technica Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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13.27

10.94

7.07

7.79

5.78

Ohashi Technica 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															7.60	2.18	1.29	4.31	6.10

Ohashi Technica ROCE % Calculation

Ohashi Technica'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 )
	=	2043.315	/	( ( (43352.49 - 9147.612)	+	(43649.803 - 7185.389) )	/ 2 )
	=	2043.315	/	( (34204.878	+	36464.414)	/ 2 )
	=	2043.315	/	35334.646
	=	5.78 %

Ohashi Technica'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 )
	=	2331.152	/	( ( (46318.03 - 8237.732)	+	(47287.903 - 8950.576) )	/ 2 )
	=	2331.152	/	( ( 38080.298	+	38337.327 )	/ 2 )
	=	2331.152	/	38208.8125
	=	6.10 %

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

Ohashi Technica (TSE:7628) 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.

Ohashi Technica ROCE % Related Terms

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Ohashi Technica (TSE:7628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Ohashi Technica Inc (TSE:7628) » Definitions » ROCE %

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Address

No. 3, No. 13, Toranomon, 10th floor, Hurric Kamiyacho Building, Minato-ku, Tokyo, JPN, 105-0001

Website

http://www.ohashi.co.jp

Ohashi Technica Inc is a Japan-based supplier responsible for design, development, manufacture, and sales of auto parts. The company is engaged in the original technical development and manufacturing and organization of subcontractors covering a range of products and technical fields. Its products are used as automotive parts, engine and mission components, differential components, brake components, body, and chasse components, interior/exterior components, and communications device parts. It has operations in Japan and overseas markets.

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