Nagaoka International (TSE:6239) ROCE % : 39.03% (As of Mar. 2024)

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What is Nagaoka International 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. Nagaoka International's annualized ROCE % for the quarter that ended in Mar. 2024 was 39.03%.

Nagaoka International ROCE % Historical Data

The historical data trend for Nagaoka International'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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Nagaoka International ROCE % Chart

Nagaoka International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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16.84

33.70

24.10

25.78

22.96

Nagaoka International 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															29.66	39.60	18.92	24.81	39.03

Nagaoka International ROCE % Calculation

Nagaoka International's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	1278.963	/	( ( (7421.722 - 2201.724)	+	(8886.916 - 2966.2) )	/ 2 )
	=	1278.963	/	( (5219.998	+	5920.716)	/ 2 )
	=	1278.963	/	5570.357
	=	22.96 %

Nagaoka International's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	2383.016	/	( ( (7931.004 - 1772.913)	+	(8180.298 - 2128.031) )	/ 2 )
	=	2383.016	/	( ( 6158.091	+	6052.267 )	/ 2 )
	=	2383.016	/	6105.179
	=	39.03 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Nagaoka International (TSE:6239) 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.

Nagaoka International ROCE % Related Terms

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Nagaoka International (TSE:6239) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nagaoka International Corp (TSE:6239) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-8-15, Azuchimachi, Chuo-ku, 7th floor, Nomura Osaka building, Osaka, JPN, 541-0052

Website

http://www.nagaokajapan.co.jp

Nagaoka International Corp manufactures and sells oil refining and petrochemicals. It undertakes water intake projects for underground dam, infiltration galleries, river clean projects, water well collector, and high speed seabed infiltration system.

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