Riso Kagaku (TSE:6413) ROCE % : 8.33% (As of Dec. 2023)

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What is Riso Kagaku 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. Riso Kagaku's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.33%.

Riso Kagaku ROCE % Historical Data

The historical data trend for Riso Kagaku'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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Riso Kagaku ROCE % Chart

Riso Kagaku Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.34

2.74

7.54

9.85

9.97

Riso Kagaku 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															15.41	10.46	6.71	8.33	15.42

Riso Kagaku ROCE % Calculation

Riso Kagaku'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 )
	=	6704	/	( ( (84773 - 18979)	+	(88628 - 19966) )	/ 2 )
	=	6704	/	( (65794	+	68662)	/ 2 )
	=	6704	/	67228
	=	9.97 %

Riso Kagaku'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 )
	=	5408	/	( ( (83634 - 18619)	+	(82535 - 17701) )	/ 2 )
	=	5408	/	( ( 65015	+	64834 )	/ 2 )
	=	5408	/	64924.5
	=	8.33 %

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

Riso Kagaku (TSE:6413) 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.

Riso Kagaku ROCE % Related Terms

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Riso Kagaku (TSE:6413) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Riso Kagaku Corp (TSE:6413) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-34-7 Shiba, Minato-ku, Tokyo, JPN, 108-8385

Website

http://www.riso.co.jp

Riso Kagaku Corp is a Japan-based manufacturer of printer-duplicators, printers, and printing products. The firm developed oil-based pigment ink, Orphis Ink, which is used by the firm's printers. The ink has a stable composition and high water resistance, making it suitable for high-speed printing. Riso has three manufacturing facilities in Japan and a worldwide distribution network. More than half of the firm's revenue is generated in Japan, with the rest coming from countries in the Americas, Europe, and Asia.

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