AMADA Co (TSE:6113) ROCE % : 10.39% (As of Dec. 2023)

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What is AMADA 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. AMADA Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.39%.

AMADA Co ROCE % Historical Data

The historical data trend for AMADA 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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AMADA Co ROCE % Chart

AMADA Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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10.52

7.93

6.38

8.73

10.30

AMADA 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															9.66	11.95	11.99	11.88	10.39

AMADA Co ROCE % Calculation

AMADA 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 )
	=	52986	/	( ( (614439 - 111655)	+	(647562 - 121013) )	/ 2 )
	=	52986	/	( (502784	+	526549)	/ 2 )
	=	52986	/	514666.5
	=	10.30 %

AMADA 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 )
	=	56236	/	( ( (668454 - 120928)	+	(653115 - 117982) )	/ 2 )
	=	56236	/	( ( 547526	+	535133 )	/ 2 )
	=	56236	/	541329.5
	=	10.39 %

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

AMADA Co (TSE:6113) 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.

AMADA Co ROCE % Related Terms

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AMADA Co (TSE:6113) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AMADA Co Ltd (TSE:6113) » Definitions » ROCE %

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AMDWF:USA AMDLY:USA AA2:Germany

Address

200, Ishida, Kanagawa Prefecture, Isehara, JPN, 259-1196

Website

https://www.amada.co.jp

AMADA Co Ltd manufactures and sells metalworking machinery and tools for customers in many business areas. Its heavy equipment fabricates, cuts, and welds different metals for customized and standard solutions. In addition, the company offers stamping press machines, multiprocess centers, and grinding machines to develop various tools.

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