Nishimoto Co (TSE:9260) ROCE % : 4.85% (As of Mar. 2024)

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What is Nishimoto 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. Nishimoto Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.85%.

Nishimoto Co ROCE % Historical Data

The historical data trend for Nishimoto 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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Nishimoto Co ROCE % Chart

Nishimoto Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.49

2.89

7.83

8.44

7.18

Nishimoto Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.52	8.74	9.21	1.35	4.85

Nishimoto Co ROCE % Calculation

Nishimoto Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	11142	/	( ( (179222 - 33613)	+	(212479 - 47748) )	/ 2 )
	=	11142	/	( (145609	+	164731)	/ 2 )
	=	11142	/	155170
	=	7.18 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	7992	/	( ( (212479 - 47748)	+	(222935 - 58303) )	/ 2 )
	=	7992	/	( ( 164731	+	164632 )	/ 2 )
	=	7992	/	164681.5
	=	4.85 %

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

Nishimoto Co (TSE:9260) 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.

Nishimoto Co ROCE % Related Terms

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Nishimoto Co (TSE:9260) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Nishimoto Co Ltd (TSE:9260) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-10-5 Nihonbashi, Chuo-ku, Onward Park Building, Tokyo, JPN, 103-0027

Website

http://www.wismettac.com

Nishimoto Co Ltd operates in the food distribution industry. The company has organized its business activities into three division: Asian Food Global Business, Agricultural and Seafood Products Trading Business, and Amenity Food and Retail Business. Through its Agricultural and Seafood Products Trading Business the company imports fruits and vegetables from all over the world and sell them to wholesale markets and mass retailers throughout Japan, and supply ingredients to the restaurant industry and foodstuff manufacturers. The company has an operational presence across Japan, North America, Canada, Singapore, Australia, Netherlands, the United Kingdom, Germany, France, Singapore, China, and Hong Kong.

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