Kikkoman (TSE:2801) ROCE % : 15.02% (As of Mar. 2024)

View and export this data going back to 1949. Start your Free Trial

What is Kikkoman 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. Kikkoman's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.02%.

Kikkoman ROCE % Historical Data

The historical data trend for Kikkoman'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.

* Premium members only.

Kikkoman ROCE % Chart

Kikkoman Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

11.93

13.25

15.55

15.22

16.22

Kikkoman 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															9.63	17.97	18.36	19.90	15.02

Kikkoman ROCE % Calculation

Kikkoman'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 )
	=	84369	/	( ( (566385 - 98755)	+	(667877 - 95071) )	/ 2 )
	=	84369	/	( (467630	+	572806)	/ 2 )
	=	84369	/	520218
	=	16.22 %

Kikkoman'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 )
	=	82752	/	( ( (616545 - 87702)	+	(667877 - 95071) )	/ 2 )
	=	82752	/	( ( 528843	+	572806 )	/ 2 )
	=	82752	/	550824.5
	=	15.02 %

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

Kikkoman (TSE:2801) 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.

Kikkoman ROCE % Related Terms

Thank you for viewing the detailed overview of Kikkoman's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Kikkoman (TSE:2801) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kikkoman Corp (TSE:2801) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KIKOY:USA KIKOF:USA KIK:Germany

Address

250 Noda, Noda-shi, Chiba, JPN, 278-8601

Website

http://www.kikkoman.co.jp

Kikkoman was founded in 1917 following the merger of eight family-owned companies in Noda, Chiba Prefecture, Japan. It is the largest soy sauce manufacturer in Japan and the U.S. Domestically, it sells a wide range of food and beverage products including but not limited to soy sauce, soy milk, licensed Del Monte products, and liquor. Kikkoman's products are shipped to over 100 countries with eight global production plants across the U.S., Asia, Europe, and South America. Apart from food manufacturing, Kikkoman also operates a wholesale business that resells Asian foods globally.

Kikkoman (TSE:2801) Headlines

No Headlines