Bridgestone (TSE:5108) ROCE % : 11.06% (As of Dec. 2023)

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What is Bridgestone 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. Bridgestone's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.06%.

Bridgestone ROCE % Historical Data

The historical data trend for Bridgestone'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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Bridgestone ROCE % Chart

Bridgestone Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.90

1.57

11.76

12.53

13.00

Bridgestone 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															14.40	14.05	13.03	13.26	11.06

Bridgestone ROCE % Calculation

Bridgestone's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	522500	/	( ( (4962203 - 1085800)	+	(5427813 - 1264811) )	/ 2 )
	=	522500	/	( (3876403	+	4163002)	/ 2 )
	=	522500	/	4019702.5
	=	13.00 %

Bridgestone'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 )
	=	463424	/	( ( (5510819 - 1294196)	+	(5427813 - 1264811) )	/ 2 )
	=	463424	/	( ( 4216623	+	4163002 )	/ 2 )
	=	463424	/	4189812.5
	=	11.06 %

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

Bridgestone (TSE:5108) 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.

Bridgestone ROCE % Related Terms

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Bridgestone (TSE:5108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Bridgestone Corp (TSE:5108) » Definitions » ROCE %

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BRDCY:USA BGT:Germany

Address

1-1-3 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8340

Website

http://www.bridgestone.co.jp

Bridgestone Corp is engaged in developing, manufacturing and marketing tires and diversified products. The company manufactures tires and tubes for passenger cars, trucks and buses, construction and mining vehicles, industrial machinery, agricultural machinery, aircraft, motorcycles and scooters and others. Its tire operations include retread business, automotive maintenance and repairs, retail business and raw material supplies, as well as tire development, manufacturing, and marketing. Bridgestone also provides diversified products that include, industrial products, chemical products, automotive components, construction materials, electronic equipment, bicycles, and sporting goods.

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