Hiroshima Gas Co (TSE:9535) ROCE % : 0.00% (As of Sep. 2024)

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What is Hiroshima Gas 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. Hiroshima Gas Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Hiroshima Gas Co ROCE % Historical Data

The historical data trend for Hiroshima Gas 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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Hiroshima Gas Co ROCE % Chart

Hiroshima Gas Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.08

8.74

5.31

7.07

3.11

Hiroshima Gas Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															7.24	0.39	-0.71	5.54	-

Hiroshima Gas Co ROCE % Calculation

Hiroshima Gas 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 )
	=	3621	/	( ( (141996 - 26757)	+	(137628 - 20098) )	/ 2 )
	=	3621	/	( (115239	+	117530)	/ 2 )
	=	3621	/	116384.5
	=	3.11 %

Hiroshima Gas 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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	0	/	( ( (137628 - 20098)	+	(130152 - 16939) )	/ 2 )
	=	0	/	( ( 117530	+	113213 )	/ 2 )
	=	0	/	115371.5
	=	0.00 %

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

Hiroshima Gas Co (TSE:9535) 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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Hiroshima Gas Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hiroshima Gas Co Ltd (TSE:9535) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

2-7-1 Minami-machi, Minami-ku, Hiroshima, JPN, 734-8555

Website

http://www.hiroshima-gas.co.jp

Hiroshima Gas Co Ltd engages in the gas business which includes the sale of gas appliances, liquefied natural gas (LNG), and liquefied petroleum gas (LPG). It engages in the production, supply, and sale of gas; wholesale supply of gas to other gas companies; sale of gas devices; and installation of gas equipment associated with gas devices, as well as safety inspections and gas meter data collection activities. The company is also involved in the sale of LPG and LPG devices; refilling of LPG tanks; installation of LPG pipes; and construction of gas pipes and lines. In addition, it engages in the engineering; machinery installation; fees collection and call center operation; and information distribution activities, as well as provision of services for seniors.

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