Nippon Coke & Engineering Co (TSE:3315) ROCE % : -2.17% (As of Dec. 2023)

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What is Nippon Coke & Engineering 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. Nippon Coke & Engineering Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.17%.

Nippon Coke & Engineering Co ROCE % Historical Data

The historical data trend for Nippon Coke & Engineering 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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Nippon Coke & Engineering Co ROCE % Chart

Nippon Coke & Engineering Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.63

0.70

7.71

14.63

-1.52

Nippon Coke & Engineering 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															-3.84	18.60	3.17	8.15	-2.17

Nippon Coke & Engineering Co ROCE % Calculation

Nippon Coke & Engineering 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 )
	=	-1097	/	( ( (128767 - 55028)	+	(140202 - 69530) )	/ 2 )
	=	-1097	/	( (73739	+	70672)	/ 2 )
	=	-1097	/	72205.5
	=	-1.52 %

Nippon Coke & Engineering 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 )
	=	-1620	/	( ( (136154 - 61300)	+	(138165 - 63681) )	/ 2 )
	=	-1620	/	( ( 74854	+	74484 )	/ 2 )
	=	-1620	/	74669
	=	-2.17 %

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

Nippon Coke & Engineering Co (TSE:3315) 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.

Nippon Coke & Engineering Co ROCE % Related Terms

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Nippon Coke & Engineering Co (TSE:3315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Nippon Coke & Engineering Co Ltd (TSE:3315) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NJ2:Germany

Address

3-3-3 Toyosu, Koto-ku, Tokyo, JPN, 135-6007

Website

http://www.n-coke.com

Nippon Coke & Engineering Co., Ltd is engaged in the business of production and supply of coal and coke. The company also focuses on the sale and production of powder and granule-related equipment and machinery. In addition, it is involved in the resource recycling, and logistics businesses; and property rental activity. Business is primarily functioned through Japan and it derives the majority of revenue from coal and coke segment.

Nippon Coke & Engineering Co (TSE:3315) Headlines

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