Bunka Shutter Co (TSE:5930) ROCE % : 13.78% (As of Dec. 2023)

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What is Bunka Shutter 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. Bunka Shutter Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.78%.

Bunka Shutter Co ROCE % Historical Data

The historical data trend for Bunka Shutter 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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Bunka Shutter Co ROCE % Chart

Bunka Shutter Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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10.82

9.43

10.82

8.84

10.48

Bunka Shutter 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															13.91	17.81	3.15	15.24	13.78

Bunka Shutter Co ROCE % Calculation

Bunka Shutter 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 )
	=	11635	/	( ( (169205 - 52619)	+	(177246 - 71739) )	/ 2 )
	=	11635	/	( (116586	+	105507)	/ 2 )
	=	11635	/	111046.5
	=	10.48 %

Bunka Shutter 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 )
	=	16820	/	( ( (195193 - 74153)	+	(201741 - 78580) )	/ 2 )
	=	16820	/	( ( 121040	+	123161 )	/ 2 )
	=	16820	/	122100.5
	=	13.78 %

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

Bunka Shutter Co (TSE:5930) 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.

Bunka Shutter Co ROCE % Related Terms

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Bunka Shutter Co (TSE:5930) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bunka Shutter Co Ltd (TSE:5930) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Nishikata 1-chome, 17-3, Bunkyo-ku, Tokyo, JPN, 113-8535

Website

http://www.bunka-s.co.jp

Bunka Shutter Co Ltd is a building materials company that manufactures and sells shutters and construction materials in five diversified business segments. Bunka Shutter is based in Japan and primarily produces products such as light shutters, heavy-duty shutters for large-scale commercial facilities, window shutters, and sliding doors. Its second segment, construction materials, produces exterior products. Bunka operates a service business and a separate reform business, both focused on repair and maintenance services, and a refurbishment business. Lastly, the "other" business segment consists of a water sealing business, solar power business, and travel agency services. The company produces most of its revenue in Japan.

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