Japan Publications Trading Co (TSE:8072) ROCE % : 7.43% (As of Dec. 2023)

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What is Japan Publications Trading 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. Japan Publications Trading Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.43%.

Japan Publications Trading Co ROCE % Historical Data

The historical data trend for Japan Publications Trading 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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Japan Publications Trading Co ROCE % Chart

Japan Publications Trading Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.85

7.95

10.85

5.49

14.31

Japan Publications Trading Co 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															-3.00	29.94	14.81	11.57	7.43

Japan Publications Trading Co ROCE % Calculation

Japan Publications Trading Co'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 )
	=	373.382	/	( ( (7093.094 - 4787.144)	+	(7193.973 - 4282.245) )	/ 2 )
	=	373.382	/	( (2305.95	+	2911.728)	/ 2 )
	=	373.382	/	2608.839
	=	14.31 %

Japan Publications Trading Co'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 )
	=	231.592	/	( ( (5404.363 - 2315.516)	+	(5315.038 - 2172.445) )	/ 2 )
	=	231.592	/	( ( 3088.847	+	3142.593 )	/ 2 )
	=	231.592	/	3115.72
	=	7.43 %

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

Japan Publications Trading Co (TSE:8072) 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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Japan Publications Trading Co (TSE:8072) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Japan Publications Trading Co Ltd (TSE:8072) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2-1 Sarugaku-cho, Chiyoda-ku, Tokyo, JPN, 101-0064

Website

http://www.jptco.co.jp

Japan Publications Trading Co., Ltd. is a Japan based company involved in publication business. It imports, exports and sells general and academic books and periodicals, language learning textbooks and materials, audio and visual discs, and other general merchandise. The company ships its products around the globe. In addition, the company is also involved in the manufacturing, importing, and selling of office supplies to stationery shops, bookstores and universities.

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