RORZE (TSE:6323) ROCE % : 25.57% (As of Nov. 2023)

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What is RORZE 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. RORZE's annualized ROCE % for the quarter that ended in Nov. 2023 was 25.57%.

RORZE ROCE % Historical Data

The historical data trend for RORZE'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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RORZE ROCE % Chart

RORZE Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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21.73

23.13

36.87

39.68

25.46

RORZE Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															15.97	20.99	31.53	25.57	19.31

RORZE ROCE % Calculation

RORZE's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	27136	/	( ( (126482 - 33044)	+	(156136 - 36430) )	/ 2 )
	=	27136	/	( (93438	+	119706)	/ 2 )
	=	27136	/	106572
	=	25.46 %

RORZE's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	29856	/	( ( (148807 - 34324)	+	(153595 - 34596) )	/ 2 )
	=	29856	/	( ( 114483	+	118999 )	/ 2 )
	=	29856	/	116741
	=	25.57 %

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

RORZE (TSE:6323) 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.

RORZE ROCE % Related Terms

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RORZE (TSE:6323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » RORZE Corp (TSE:6323) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1588-2 Michinoue, Kannabe-cho, Fukuyama-shi, Hiroshima, JPN

Website

http://www.rorze.com

RORZE Corp is engaged in development, design, manufacturing, and sales of automation system for semiconductor/FPD production. Its semiconductor automation product generates more revenue. It also has products like Atmospheric robot, vacuum water robot, Mask handling system, control device.

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