Central Glass Co (TSE:4044) ROCE % : 11.31% (As of Dec. 2023)

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What is Central Glass 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. Central Glass Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.31%.

Central Glass Co ROCE % Historical Data

The historical data trend for Central Glass 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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Central Glass Co ROCE % Chart

Central Glass Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.09

2.33

-19.01

26.65

10.26

Central Glass Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															55.98	9.81	10.94	11.31	9.13

Central Glass Co ROCE % Calculation

Central Glass Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	16906	/	( ( (221090 - 61073)	+	(214404 - 45004) )	/ 2 )
	=	16906	/	( (160017	+	169400)	/ 2 )
	=	16906	/	164708.5
	=	10.26 %

Central Glass 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 )
	=	18772	/	( ( (223013 - 59580)	+	(226955 - 58291) )	/ 2 )
	=	18772	/	( ( 163433	+	168664 )	/ 2 )
	=	18772	/	166048.5
	=	11.31 %

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

Central Glass Co (TSE:4044) 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.

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Central Glass Co (TSE:4044) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Central Glass Co Ltd (TSE:4044) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-1 Kanda-Nishikicho 3-chome, Kowa-Hitotsubashi Building, Chiyoda-ku, Tokyo, JPN, 101-0054

Website

http://www.cgco.co.jp

Central Glass Co Ltd manufactures and sells a variety of chemicals and glass-based products. The firm's two segments are based on product type. The glass segment, which generates the majority of revenue, sells architectural glass used in windows and other building components, automotive glass, and glass used in electronics for touchscreen panels and liquid-crystal display screens. The chemicals segment sells hydrogen fluoride used to make electronics and pharmaceuticals, fertilizers, soda ash and chloride used in water treatment and refrigerants, and glass fiber products. The majority of revenue comes from Japan and North America.

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