Nippon Shokubai Co (TSE:4114) ROCE % : 4.83% (As of Dec. 2023)

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What is Nippon Shokubai 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 Shokubai Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.83%.

Nippon Shokubai Co ROCE % Historical Data

The historical data trend for Nippon Shokubai 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 Shokubai Co ROCE % Chart

Nippon Shokubai Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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8.54

4.50

-3.24

8.70

6.57

Nippon Shokubai 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															8.68	-1.90	6.93	3.28	4.83

Nippon Shokubai Co ROCE % Calculation

Nippon Shokubai 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 )
	=	27309	/	( ( (518151 - 109014)	+	(523319 - 101641) )	/ 2 )
	=	27309	/	( (409137	+	421678)	/ 2 )
	=	27309	/	415407.5
	=	6.57 %

Nippon Shokubai 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 )
	=	21008	/	( ( (540409 - 100862)	+	(529250 - 98582) )	/ 2 )
	=	21008	/	( ( 439547	+	430668 )	/ 2 )
	=	21008	/	435107.5
	=	4.83 %

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

Nippon Shokubai Co (TSE:4114) 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 Shokubai Co ROCE % Related Terms

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Nippon Shokubai Co (TSE:4114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nippon Shokubai Co Ltd (TSE:4114) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NSHKF:USA

Address

4-1-1, Koraibashi, Kogin Building, Chuo-ku, Osaka, JPN

Website

http://www.shokubai.co.jp

Nippon Shokubai Co Ltd manufactures and sells a variety of chemicals, catalysts, and chemical-based products. The firm organizes itself into three segments based on product type. The functional chemicals segment, which generates the majority of revenue, sells polymers for concrete mixtures, acrylates used in detergents, and resins for paints and processed adhesive products. The basic chemicals segment sells ethylene oxide and ethylene glycol used in polyester fibers and plastic beverage containers. The environment and catalysts segment sells catalysts used for automotive products and lithium-ion battery production. The majority of revenue comes from Asia.

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