Noda (TSE:7879) ROCE % : 0.91% (As of May. 2024)

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What is Noda 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. Noda's annualized ROCE % for the quarter that ended in May. 2024 was 0.91%.

Noda ROCE % Historical Data

The historical data trend for Noda'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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Noda ROCE % Chart

Noda Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

ROCE %

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7.33

10.20

22.69

9.89

-2.94

Noda Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Nov24
ROCE %	Get a 7-Day Free Trial															7.51	10.09	4.08	0.91	-

Noda ROCE % Calculation

Noda's annualized ROCE % for the fiscal year that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2024 )		(A: Nov. 2023 )		(A: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2024 )		(A: Nov. 2023 )		(A: Nov. 2024 )
	=	-1485.729	/	( ( (76371.401 - 24040.027)	+	(74182.33 - 25535.092) )	/ 2 )
	=	-1485.729	/	( (52331.374	+	48647.238)	/ 2 )
	=	-1485.729	/	50489.306
	=	-2.94 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	476.944	/	( ( (74757.912 - 22525.5)	+	(74733.564 - 22190.877) )	/ 2 )
	=	476.944	/	( ( 52232.412	+	52542.687 )	/ 2 )
	=	476.944	/	52387.5495
	=	0.91 %

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

Noda (TSE:7879) 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.

Noda ROCE % Related Terms

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Noda Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Noda Corp (TSE:7879) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-13-6, Asakusabashi, Taito-ku, Tokyo, JPN, 111-8533

Website

http://www.noda-co.jp

Noda Corp is engaged in building materials. The company manufacture and sell a wide range of building interior materials such as flooring, inner wall members, interior doors, sliding doors, closets, front hall storage racks, staircase members and handrail members, as well as exterior substrate materials. It also sells laminated wood bonded with braces and provides a method to build a monocoque construction using bearing walls, and Hi-best Wood MDF, which is used as a raw material for building material products and furniture, and the Structural Hi-best Wood, which can be used for enhancing the strength of buildings. It import and sells ordinary plywood, concrete forming plywood, structural plywood and painted plywood.

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