Hokuriku Electric Power Co (TSE:9505) ROCE % : 7.53% (As of Sep. 2024)

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What is Hokuriku Electric Power 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. Hokuriku Electric Power Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.53%.

Hokuriku Electric Power Co ROCE % Historical Data

The historical data trend for Hokuriku Electric Power 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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Hokuriku Electric Power Co ROCE % Chart

Hokuriku Electric Power Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.24

1.43

0.38

-5.82

4.52

Hokuriku Electric Power Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															8.03	4.43	-5.32	9.46	7.53

Hokuriku Electric Power Co ROCE % Calculation

Hokuriku Electric Power Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	70559	/	( ( (1805318 - 249279)	+	(1855435 - 290161) )	/ 2 )
	=	70559	/	( (1556039	+	1565274)	/ 2 )
	=	70559	/	1560656.5
	=	4.52 %

Hokuriku Electric Power Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	116072	/	( ( (0 - 0)	+	(1801373 - 259371) )	/ 1 )
	=	116072	/	( ( 0	+	1542002 )	/ 1 )
	=	116072	/	1542002
	=	7.53 %

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

Hokuriku Electric Power Co (TSE:9505) 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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Hokuriku Electric Power Co Business Description

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HOKRF:USA

Address

15-1 Ushijima-cho, Toyama, JPN, 930-8686

Website

http://www.rikuden.co.jp

Hokuriku Electric Power Co Inc is an electric utility company that functions as a regulated monopoly in the Hokuriku region of Japan's main island of Honshu. Hokuriku Electric supplies electricity through power generation, transmission, and distribution. To do this, the company operates a portfolio of hydroelectric, thermal, and nuclear power plants located throughout Japan's Hokuriku region. Most of the total energy produced by Hokuriku Electric comes from its thermal facilities that utilize coal fuel sources. The company primarily generates revenue through the sale of electric power to residential and large-scale industrial customers in the machinery, chemical, and textile sectors.

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