Azearth (TSE:3161) ROCE % : 4.87% (As of Jan. 2024)

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What is Azearth 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. Azearth's annualized ROCE % for the quarter that ended in Jan. 2024 was 4.87%.

Azearth ROCE % Historical Data

The historical data trend for Azearth'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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Azearth ROCE % Chart

Azearth Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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5.55

8.16

14.12

6.32

8.29

Azearth Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															16.00	10.48	4.93	4.46	4.87

Azearth ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	570.682	/	( ( (8651.975 - 1836.001)	+	(9048.672 - 2094.935) )	/ 2 )
	=	570.682	/	( (6815.974	+	6953.737)	/ 2 )
	=	570.682	/	6884.8555
	=	8.29 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	337.644	/	( ( (8597.562 - 1698.484)	+	(8589.216 - 1625.979) )	/ 2 )
	=	337.644	/	( ( 6899.078	+	6963.237 )	/ 2 )
	=	337.644	/	6931.1575
	=	4.87 %

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

Azearth (TSE:3161) 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.

Azearth ROCE % Related Terms

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Azearth (TSE:3161) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Azearth Corp (TSE:3161) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 13, No. 7-chome, Taito-ku, Tokyo, JPN, 111-8623

Website

http://www.azearth.co.jp

Azearth Corp manufactures and sells chemical protective garments and environmental equipment in Japan, China, and South-East Asia. It also provides polystyrene foam for tatami matting and flooring, insulation boards, threads, mat edges, and machines, as well as other types of tatami materials. The company is also engaged in the laying and construction work on the section that lies beneath tatami. Further, it manufactures and sells garment materials, such as inner linings, interlining clothes, pocket clothes, and quarter lining belts; and provides contract cutting manufacturing.

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