Naigai Co (TSE:8013) ROCE % : 14.51% (As of Jan. 2024)

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What is Naigai 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. Naigai Co's annualized ROCE % for the quarter that ended in Jan. 2024 was 14.51%.

Naigai Co ROCE % Historical Data

The historical data trend for Naigai 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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Naigai Co ROCE % Chart

Naigai Co Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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-3.27

-20.31

1.42

-19.64

2.14

Naigai Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-28.30	-1.89	-1.98	-1.96	14.51

Naigai Co ROCE % Calculation

Naigai Co's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	155	/	( ( (11353 - 4162)	+	(11194 - 3927) )	/ 2 )
	=	155	/	( (7191	+	7267)	/ 2 )
	=	155	/	7229
	=	2.14 %

Naigai Co's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	1032	/	( ( (10792 - 3832)	+	(11194 - 3927) )	/ 2 )
	=	1032	/	( ( 6960	+	7267 )	/ 2 )
	=	1032	/	7113.5
	=	14.51 %

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

Naigai Co (TSE:8013) 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.

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Naigai Co (TSE:8013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Naigai Co Ltd (TSE:8013) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-8-5 Akasaka, Minato-Ku, Tokyo, JPN, 107-0052

Website

http://www.naigai.co.jp

Naigai Co Ltd operates in the retail apparel stores industry. The company is primarily engaged in the planning, manufacturing, wholesales and import/export of textile products. It offers pantyhoses; and men's, women's, and children's socks.

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