Yellow Hat (TSE:9882) ROCE % : 24.44% (As of Dec. 2023)

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What is Yellow Hat 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. Yellow Hat's annualized ROCE % for the quarter that ended in Dec. 2023 was 24.44%.

Yellow Hat ROCE % Historical Data

The historical data trend for Yellow Hat'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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Yellow Hat ROCE % Chart

Yellow Hat Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.98

13.59

14.12

14.40

12.84

Yellow Hat 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															6.60	12.68	8.36	24.44	6.24

Yellow Hat ROCE % Calculation

Yellow Hat'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 )
	=	15025	/	( ( (136442 - 24621)	+	(144030 - 21764) )	/ 2 )
	=	15025	/	( (111821	+	122266)	/ 2 )
	=	15025	/	117043.5
	=	12.84 %

Yellow Hat'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 )
	=	28708	/	( ( (139762 - 23815)	+	(142855 - 23858) )	/ 2 )
	=	28708	/	( ( 115947	+	118997 )	/ 2 )
	=	28708	/	117472
	=	24.44 %

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

Yellow Hat (TSE:9882) 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.

Yellow Hat ROCE % Related Terms

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Yellow Hat (TSE:9882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Yellow Hat Ltd (TSE:9882) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-7-4 Iwamotocho, Chiyoda-ku, Yellow Hat Head Office Building, Tokyo, JPN, 101-0032

Website

http://www.yellowhat.jp

Yellow Hat Ltd is a Japanese company involved in selling auto accessories and providing auto service. The products offered by the company include audio and info-entertainment systems, oils and lubricants, safety and maintenance tools, OFF road, racing and karting, chemicals and cleaning, lights and bulbs, bikes, and tires. It offers services including tires services, oil change, foiling, detailing, tinting, audio and video, car wash, AC repair, and maintenance.

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