Aso International (TSE:9340) ROCE % : 25.63% (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Aso International 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. Aso International's annualized ROCE % for the quarter that ended in Mar. 2024 was 25.63%.

Aso International ROCE % Historical Data

The historical data trend for Aso International'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.

* Premium members only.

Aso International ROCE % Chart

Aso International Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

43.46

33.09

23.18

Aso International Quarterly Data
	Jun21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial				25.71	26.23	16.09	17.06	25.63

Aso International ROCE % Calculation

Aso International's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	483.375	/	( ( (2193.097 - 505.752)	+	(2826.293 - 343.726) )	/ 2 )
	=	483.375	/	( (1687.345	+	2482.567)	/ 2 )
	=	483.375	/	2084.956
	=	23.18 %

Aso International'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 )
	=	654.776	/	( ( (2839.699 - 336.458)	+	(2958.395 - 352.72) )	/ 2 )
	=	654.776	/	( ( 2503.241	+	2605.675 )	/ 2 )
	=	654.776	/	2554.458
	=	25.63 %

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

Aso International (TSE:9340) 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.

Aso International ROCE % Related Terms

Thank you for viewing the detailed overview of Aso International's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Aso International (TSE:9340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Aso International Inc (TSE:9340) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-11-8 Ginza, Chuo-ku, No. 22 Chuo Building, 3rd FLoor, Tokyo, JPN, 104-0061

Website

http://www.aso-inter.co.jp

Aso International Inc is engaged in the manufacturing and sale of orthodontic appliances.

Aso International (TSE:9340) Headlines

No Headlines