Oji Holdings (TSE:3861) ROCE % : 4.22% (As of Dec. 2023)

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What is Oji Holdings 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. Oji Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.22%.

Oji Holdings ROCE % Historical Data

The historical data trend for Oji Holdings'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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Oji Holdings ROCE % Chart

Oji Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.95

7.71

6.06

8.88

5.81

Oji Holdings 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															2.01	5.38	7.29	5.61	4.22

Oji Holdings ROCE % Calculation

Oji Holdings'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 )
	=	90927	/	( ( (2053752 - 533020)	+	(2296018 - 687070) )	/ 2 )
	=	90927	/	( (1520732	+	1608948)	/ 2 )
	=	90927	/	1564840
	=	5.81 %

Oji Holdings'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 )
	=	74424	/	( ( (2413814 - 667221)	+	(2440422 - 658345) )	/ 2 )
	=	74424	/	( ( 1746593	+	1782077 )	/ 2 )
	=	74424	/	1764335
	=	4.22 %

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

Oji Holdings (TSE:3861) 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.

Oji Holdings ROCE % Related Terms

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Oji Holdings (TSE:3861) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Oji Holdings Corp (TSE:3861) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OJIPY:USA OJIPF:USA OJI:Germany

Address

7-5, Ginza 4-chome, Chuo-ku, Tokyo, JPN, 104-0061

Website

http://www.ojiholdings.co.jp

Oji Holdings Corp is a holding company whose subsidiaries produce and sell pulp and a variety of paper products The company organizes itself into four segments based on product type. The household and industrial materials segment, which generates more revenue than any other segment, sells packaging materials, paper towels, toilet paper, tissues, and diapers. The functional materials segment sells adhesive paper, specialty paper, and film. The forest resources and environmental marketing segment sells lumber, pulp, and biomass fuel. The printing and communications media segment sells newsprint, magazine paper, and printer paper.

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