Nagawa Co (TSE:9663) ROCE % : 8.55% (As of Dec. 2023)

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What is Nagawa 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. Nagawa Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.55%.

Nagawa Co ROCE % Historical Data

The historical data trend for Nagawa 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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Nagawa Co ROCE % Chart

Nagawa Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.06

9.14

8.88

8.25

7.37

Nagawa 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															8.17	5.81	7.31	8.55	8.24

Nagawa Co ROCE % Calculation

Nagawa 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 )
	=	4246	/	( ( (58806 - 5246)	+	(66876 - 5273) )	/ 2 )
	=	4246	/	( (53560	+	61603)	/ 2 )
	=	4246	/	57581.5
	=	7.37 %

Nagawa Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	4876	/	( ( (60392 - 4480)	+	(62213 - 4074) )	/ 2 )
	=	4876	/	( ( 55912	+	58139 )	/ 2 )
	=	4876	/	57025.5
	=	8.55 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Nagawa Co (TSE:9663) 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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Nagawa Co (TSE:9663) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nagawa Co Ltd (TSE:9663) » Definitions » ROCE %

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Address

1-4-1, Marunouchi, Marunouchi Eiraku Building 22 Floor, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

http://www.nagawa.co.jp

Nagawa Co Ltd is engaged in the manufacture, sale, and lease of modular buildings under the Super House brand in Japan. It operates through two business segments. The Prefabricated House segment is engaged in the manufacture, sale, and rental of prefabricated houses, the rental and sale of related office equipment, supplies, and electrical products for prefabricated houses. The Construction Equipment Rental segment is involved in the sale and rental of construction equipment. Also, it is engaged in the sale of gasoline, light diesel oil and others.

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