Nissan Chemical (TSE:4021) ROCE % : 15.66% (As of Dec. 2023)

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What is Nissan Chemical 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. Nissan Chemical's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.66%.

Nissan Chemical ROCE % Historical Data

The historical data trend for Nissan Chemical'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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Nissan Chemical ROCE % Chart

Nissan Chemical Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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21.20

21.86

23.05

25.86

25.83

Nissan Chemical 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															16.89	27.40	30.48	17.37	15.66

Nissan Chemical ROCE % Calculation

Nissan Chemical'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 )
	=	56857	/	( ( (279687 - 65971)	+	(298715 - 72161) )	/ 2 )
	=	56857	/	( (213716	+	226554)	/ 2 )
	=	56857	/	220135
	=	25.83 %

Nissan Chemical'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 )
	=	35900	/	( ( (292114 - 60988)	+	(309707 - 82400) )	/ 2 )
	=	35900	/	( ( 231126	+	227307 )	/ 2 )
	=	35900	/	229216.5
	=	15.66 %

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

Nissan Chemical (TSE:4021) 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.

Nissan Chemical ROCE % Related Terms

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Nissan Chemical (TSE:4021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nissan Chemical Corp (TSE:4021) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NNCHY:USA NSC:Germany

Address

7-1 Kanda Nishiki-Cho 3-chome, Chiyoda-ku, Tokyo, JPN, 101-0054

Website

http://www.nissanchem.co.jp

Nissan Chemical Industries Ltd manufactures and sells chemicals, semiconductors, and pharmaceutical products. The firm organizes itself into six segments based on product type. The Performance Materials segment, which generates the most revenue of any segment, sells resins for liquid-crystal display screens and semiconductors. The Agrochemicals segment sells herbicides, insecticides, and fungicides to the agriculture industry. The Chemicals segment sells melamine, ammonia, and fine chemical products. The Pharmaceuticals segment sells anti-cholesterol agents under the Livalo brand. The other two segments are Trading and Other. The majority of revenue comes from Japan.

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