Ibiden Co (TSE:4062) ROCE % : 7.70% (As of Dec. 2023)

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What is Ibiden 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. Ibiden Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.70%.

Ibiden Co ROCE % Historical Data

The historical data trend for Ibiden 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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Ibiden Co ROCE % Chart

Ibiden Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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2.93

5.04

7.68

12.47

12.62

Ibiden Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															13.66	6.62	7.70	9.62	7.70

Ibiden Co ROCE % Calculation

Ibiden Co'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 )
	=	72072	/	( ( (664332 - 156160)	+	(857508 - 223321) )	/ 2 )
	=	72072	/	( (508172	+	634187)	/ 2 )
	=	72072	/	571179.5
	=	12.62 %

Ibiden 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 )
	=	51068	/	( ( (898076 - 228544)	+	(906464 - 249579) )	/ 2 )
	=	51068	/	( ( 669532	+	656885 )	/ 2 )
	=	51068	/	663208.5
	=	7.70 %

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

Ibiden Co (TSE:4062) 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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Ibiden Co (TSE:4062) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ibiden Co Ltd (TSE:4062) » Definitions » ROCE %

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IBIDY:USA IBI:Germany

Address

2-1 Kanda-cho, Ogaki, Gifu, JPN, 503-8604

Website

https://www.ibiden.com

Ibiden Company Limited is a provider of electronic and ceramic products. The company operates through three segments: ceramic, electron and other. The ceramic segment, which contributes the largest portion of revenue, provides environment-related ceramics products, graphite and specialty products, ceramic fibre, and fine ceramics products. Electron, the next- largest segment, offers package substrates in computers, information technology infrastructure, mobile device wiring boards, mobile devices and home appliances. The other segment includes the processing of agriculture, livestock and fisheries, the sale of oil products and synthetic resin production. The company is headquartered in Japan and generates the majority of revenue in Asia.

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