Nichiban Co (TSE:4218) ROCE % : 10.29% (As of Dec. 2023)

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What is Nichiban 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. Nichiban Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.29%.

Nichiban Co ROCE % Historical Data

The historical data trend for Nichiban 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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Nichiban Co ROCE % Chart

Nichiban Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.71

4.20

5.48

7.07

4.57

Nichiban 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															15.36	3.64	1.63	10.29	2.89

Nichiban Co ROCE % Calculation

Nichiban 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 )
	=	2310	/	( ( (69123 - 19178)	+	(68039 - 16880) )	/ 2 )
	=	2310	/	( (49945	+	51159)	/ 2 )
	=	2310	/	50552
	=	4.57 %

Nichiban 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 )
	=	5152	/	( ( (67410 - 17631)	+	(67131 - 16807) )	/ 2 )
	=	5152	/	( ( 49779	+	50324 )	/ 2 )
	=	5152	/	50051.5
	=	10.29 %

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

Nichiban Co (TSE:4218) 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.

Nichiban Co ROCE % Related Terms

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Nichiban Co (TSE:4218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nichiban Co Ltd (TSE:4218) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-3-3, Sekiguchi, Bunkyo-ku, Tokyo, JPN, 112-8663

Website

http://www.nichiban.co.jp

Nichiban Co Ltd is a Japan based company engaged in the business of manufacturing and selling products in the field of medical supplies, healthcare, industrial products and industrial products. It offers hemostatic solutions, wound care dressing and surgical tapes, industrial products for manufacturing and distribution and automotive industry, stationery products, TDS pharmaceutical pain relief plaster and foot care products, sports medical battlewin taping tape and first aid bandage.

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