Oriental Shiraishi (TSE:1786) ROCE % : 20.11% (As of Dec. 2023)

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What is Oriental Shiraishi 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. Oriental Shiraishi's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.11%.

Oriental Shiraishi ROCE % Historical Data

The historical data trend for Oriental Shiraishi'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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Oriental Shiraishi ROCE % Chart

Oriental Shiraishi Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

13.73

12.55

15.14

13.32

11.76

Oriental Shiraishi Quarterly Data
	Mar19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial										17.75	11.02	9.16	10.20	20.11

Oriental Shiraishi ROCE % Calculation

Oriental Shiraishi's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	5426	/	( ( (60952 - 15901)	+	(66787 - 19589) )	/ 2 )
	=	5426	/	( (45051	+	47198)	/ 2 )
	=	5426	/	46124.5
	=	11.76 %

Oriental Shiraishi'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 )
	=	10772	/	( ( (70338 - 17418)	+	(71193 - 16960) )	/ 2 )
	=	10772	/	( ( 52920	+	54233 )	/ 2 )
	=	10772	/	53576.5
	=	20.11 %

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

Oriental Shiraishi (TSE:1786) 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.

Oriental Shiraishi ROCE % Related Terms

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Oriental Shiraishi (TSE:1786) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Oriental Shiraishi Corp (TSE:1786) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-6-52 Toyosu, Koto-ku, Tokyo, JPN, 135-0061

Website

http://www.orsc.co.jp

Oriental Shiraishi Corp is involved in the production and sale and construction of prestressed concrete products and structures, construction of pneumatic caissons, repair, retrofit and reinforcement of infrastructures, design and construction of earthquake-resistant buildings and sale of construction materials and devices.

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