Okayamaken Freight Transportation Co (TSE:9063) ROCE % : 6.59% (As of Dec. 2023)

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What is Okayamaken Freight Transportation 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. Okayamaken Freight Transportation Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.59%.

Okayamaken Freight Transportation Co ROCE % Historical Data

The historical data trend for Okayamaken Freight Transportation 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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Okayamaken Freight Transportation Co ROCE % Chart

Okayamaken Freight Transportation Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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8.11

6.82

6.13

6.95

5.40

Okayamaken Freight Transportation 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															6.77	2.74	3.65	35.70	6.59

Okayamaken Freight Transportation Co ROCE % Calculation

Okayamaken Freight Transportation 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 )
	=	1639.799	/	( ( (42556.998 - 13839.298)	+	(45807.171 - 13824.681) )	/ 2 )
	=	1639.799	/	( (28717.7	+	31982.49)	/ 2 )
	=	1639.799	/	30350.095
	=	5.40 %

Okayamaken Freight Transportation 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 )
	=	2284.712	/	( ( (45909.869 - 11234.536)	+	(46578.237 - 11893.299) )	/ 2 )
	=	2284.712	/	( ( 34675.333	+	34684.938 )	/ 2 )
	=	2284.712	/	34680.1355
	=	6.59 %

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

Okayamaken Freight Transportation Co (TSE:9063) 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.

Okayamaken Freight Transportation Co ROCE % Related Terms

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Okayamaken Freight Transportation Co (TSE:9063) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Okayamaken Freight Transportation Co Ltd (TSE:9063) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 No. 31, Kiyoshincho Kita-ku, Okayama, JPN, 700-0027

Website

http://www.okaken.co.jp

Okayamaken Freight Transportation Co Ltd is a cargo trucking company in Japan. The Company also provides door-to-door parcel delivery services. Okayamaken Freight Transportation leases building and sells oil products and automobile parts. Its business lines include Freight car transportation business, Warehousing, Air transport agent agency, Industrial waste collection, and transportation.

Okayamaken Freight Transportation Co (TSE:9063) Headlines

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