EF-ON (TSE:9514) ROCE % : 0.34% (As of Mar. 2024)

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What is EF-ON 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. EF-ON's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.34%.

EF-ON ROCE % Historical Data

The historical data trend for EF-ON'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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EF-ON ROCE % Chart

EF-ON Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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10.07

9.10

6.72

3.66

3.80

EF-ON 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															4.52	-0.46	1.72	2.89	0.34

EF-ON ROCE % Calculation

EF-ON'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 )
	=	1569	/	( ( (47241 - 5368)	+	(45718 - 5036) )	/ 2 )
	=	1569	/	( (41873	+	40682)	/ 2 )
	=	1569	/	41277.5
	=	3.80 %

EF-ON'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 )
	=	136	/	( ( (45317 - 5293)	+	(45728 - 4835) )	/ 2 )
	=	136	/	( ( 40024	+	40893 )	/ 2 )
	=	136	/	40458.5
	=	0.34 %

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

EF-ON (TSE:9514) 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.

EF-ON ROCE % Related Terms

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EF-ON (TSE:9514) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » EF-ON Inc (TSE:9514) » Definitions » ROCE %

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N/A

Address

Tokyo Square Garden, 18th Floor, 3-1-1 Kyobashi, Chuo-ku, Tokyo, JPN, 104-0031

Website

http://www.ef-on.co.jp

EF-ON Inc is an energy service company. It operates through two business segments. The Energy Conservation Support Services segment is involved in the investigation and diagnostication of the energy usage for corporation customers, as well as the design, construction and operation of energy conservation facilities and systems. The Biomass Power Generation segment is engaged in the development, construction and operation of new energy power plants.

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