Current Motor (TSE:7690) ROCE % : 27.41% (As of Apr. 2024)

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What is Current Motor 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. Current Motor's annualized ROCE % for the quarter that ended in Apr. 2024 was 27.41%.

Current Motor ROCE % Historical Data

The historical data trend for Current Motor'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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Current Motor ROCE % Chart

Current Motor Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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35.83

56.81

68.53

17.80

28.79

Current Motor Semi-Annual Data
	Oct18	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
ROCE %	Get a 7-Day Free Trial						27.51	8.30	63.91	-9.99	27.41

Current Motor ROCE % Calculation

Current Motor'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 )
	=	197.867	/	( ( (1980.43 - 1316.644)	+	(2270.749 - 1559.946) )	/ 2 )
	=	197.867	/	( (663.786	+	710.803)	/ 2 )
	=	197.867	/	687.2945
	=	28.79 %

Current Motor'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: Oct. 2023 )		(Q: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2024 )		(Q: Oct. 2023 )		(Q: Apr. 2024 )
	=	239.058	/	( ( (2270.749 - 1559.946)	+	(2918.823 - 1885.275) )	/ 2 )
	=	239.058	/	( ( 710.803	+	1033.548 )	/ 2 )
	=	239.058	/	872.1755
	=	27.41 %

(1) Note: The EBIT data used here is two times the semi-annual (Apr. 2024) EBIT data.

Current Motor (TSE:7690) 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.

Current Motor ROCE % Related Terms

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Current Motor (TSE:7690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Current Motor Corp (TSE:7690) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-1-19 Utsukushigaoka, Aoba-ku, Kanagawa Prefecture, Yokohama-Shi, JPN, 225-0002

Website

https://www.currentmotor.co.jp

Current Motor Corp is engaged in sale and purchase of various car models. The company also provides repair and maintenance business and provide specialized parts for imported cars.

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