Asahi Kagaku Kogyo Co (TSE:7928) ROCE % : 0.67% (As of Feb. 2024)

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What is Asahi Kagaku Kogyo Co 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. Asahi Kagaku Kogyo Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 0.67%.

Asahi Kagaku Kogyo Co ROCE % Historical Data

The historical data trend for Asahi Kagaku Kogyo Co'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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Asahi Kagaku Kogyo Co ROCE % Chart

Asahi Kagaku Kogyo Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-3.83

3.76

17.28

12.70

2.89

Asahi Kagaku Kogyo Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-3.71	1.06	-3.06	1.88	0.67

Asahi Kagaku Kogyo Co ROCE % Calculation

Asahi Kagaku Kogyo Co's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	156.911	/	( ( (6846.605 - 1359.258)	+	(6437.123 - 1082.398) )	/ 2 )
	=	156.911	/	( (5487.347	+	5354.725)	/ 2 )
	=	156.911	/	5421.036
	=	2.89 %

Asahi Kagaku Kogyo Co's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	35.84	/	( ( (6618.846 - 1210.247)	+	(6391.66 - 1064.157) )	/ 2 )
	=	35.84	/	( ( 5408.599	+	5327.503 )	/ 2 )
	=	35.84	/	5368.051
	=	0.67 %

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

Asahi Kagaku Kogyo Co (TSE:7928) 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.

Asahi Kagaku Kogyo Co ROCE % Related Terms

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Asahi Kagaku Kogyo Co (TSE:7928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Asahi Kagaku Kogyo Co Ltd (TSE:7928) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Anjo-shi Shioga Irucho Hiromi 133-3, Aichi, JPN, 844-1205

Website

http://www.asahikagakukogyo.co.jp

Asahi Kagaku Kogyo Co Ltd is a manufacturer of plastic parts, plastics molded products, processed goods and sets of plastics. It also provides electric tool parts, automobile parts, applied equipment, pump parts, building materials.

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