Aska (NGO:7227) ROCE % : 13.80% (As of Feb. 2024)

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What is Aska 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. Aska's annualized ROCE % for the quarter that ended in Feb. 2024 was 13.80%.

Aska ROCE % Historical Data

The historical data trend for Aska'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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Aska ROCE % Chart

Aska Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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8.37

3.93

7.27

7.00

9.02

Aska 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															0.92	12.56	9.48	11.73	13.80

Aska ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	1824.487	/	( ( (36295.971 - 16660.635)	+	(38944.36 - 18122.114) )	/ 2 )
	=	1824.487	/	( (19635.336	+	20822.246)	/ 2 )
	=	1824.487	/	20228.791
	=	9.02 %

Aska's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	2876.268	/	( ( (38944.36 - 18122.114)	+	(38198.42 - 17340.821) )	/ 2 )
	=	2876.268	/	( ( 20822.246	+	20857.599 )	/ 2 )
	=	2876.268	/	20839.9225
	=	13.80 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

Aska (NGO:7227) 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.

Aska ROCE % Related Terms

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Aska (NGO:7227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aska Corp (NGO:7227) » Definitions » ROCE %

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Address

11 Hibiki- machi Kariyama-machi, Aichi Prefecture, Kariya, JPN, 448 0002

Website

http://www.aska.co.jp

Aska Corp is a Japan based company engaged in automobile parts business, distribution board business and robot system business. In the automotive parts business, the company is engaged in building body parts that form the framework of the car. The distribution board business carried by the company involves designing and manufacturing of control panel, cabinet boxes, OEM product, electric car ordinary charger and press deep drawing products.

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