Asahi Yukizai (TSE:4216) ROCE % : 22.59% (As of Dec. 2023)

View and export this data going back to 1961. Start your Free Trial

What is Asahi Yukizai 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. Asahi Yukizai's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.59%.

Asahi Yukizai ROCE % Historical Data

The historical data trend for Asahi Yukizai'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.

* Premium members only.

Asahi Yukizai ROCE % Chart

Asahi Yukizai Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

10.81

9.01

7.55

12.54

19.70

Asahi Yukizai 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															18.63	20.31	26.20	23.84	22.59

Asahi Yukizai ROCE % Calculation

Asahi Yukizai'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 )
	=	12020	/	( ( (74925 - 18365)	+	(86256 - 20765) )	/ 2 )
	=	12020	/	( (56560	+	65491)	/ 2 )
	=	12020	/	61025.5
	=	19.70 %

Asahi Yukizai'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 )
	=	16656	/	( ( (95586 - 23071)	+	(98232 - 23267) )	/ 2 )
	=	16656	/	( ( 72515	+	74965 )	/ 2 )
	=	16656	/	73740
	=	22.59 %

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

Asahi Yukizai (TSE:4216) 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.

Asahi Yukizai ROCE % Related Terms

Thank you for viewing the detailed overview of Asahi Yukizai's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Asahi Yukizai (TSE:4216) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Asahi Yukizai Corp (TSE:4216) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

20th Floor, World Trade Center Building, 4-1 Hamamatsu-Cho 2-Chome, Minato-Ku, Tokyo, JPN, 105-6120

Website

http://www.asahi-yukizai.co.jp

Asahi Yukizai Corp engages in the manufacture and sale of industrial resins and piping materials. The firm offers synthetic resin piping material for valves, pipes, fittings, and other locations, as well as the Dymatrix high-performance synthetic resin piping material for LCD- and semiconductor-related systems; and foundry materials and functional resins for casting, molding materials, high functional materials, and others. It also engages in the development and supply of water and thermal resources, including well drilling and geothermal exploitation, and hot spring exploitation; design and construction of water utility facilities and reuse of wastewater; industrial water and wastewater treatment; and provision of public sewage facilities.

Asahi Yukizai (TSE:4216) Headlines

No Headlines