Japan Cash Machine Co (TSE:6418) ROCE % : 7.27% (As of Dec. 2023)

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What is Japan Cash Machine 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. Japan Cash Machine Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.27%.

Japan Cash Machine Co ROCE % Historical Data

The historical data trend for Japan Cash Machine 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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Japan Cash Machine Co ROCE % Chart

Japan Cash Machine Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.76

-4.44

-30.66

5.61

9.75

Japan Cash Machine 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															-1.59	17.05	11.33	10.91	7.27

Japan Cash Machine Co ROCE % Calculation

Japan Cash Machine 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 )
	=	2871.728	/	( ( (33144.058 - 5406.48)	+	(38816.625 - 7625.321) )	/ 2 )
	=	2871.728	/	( (27737.578	+	31191.304)	/ 2 )
	=	2871.728	/	29464.441
	=	9.75 %

Japan Cash Machine 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 )
	=	2451.44	/	( ( (41441.327 - 7874.976)	+	(43014.313 - 9113.229) )	/ 2 )
	=	2451.44	/	( ( 33566.351	+	33901.084 )	/ 2 )
	=	2451.44	/	33733.7175
	=	7.27 %

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

Japan Cash Machine Co (TSE:6418) 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.

Japan Cash Machine Co ROCE % Related Terms

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Japan Cash Machine Co (TSE:6418) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Japan Cash Machine Co Ltd (TSE:6418) » Definitions » ROCE %

Comparable Companies

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N/A

Address

2-3-15 Nishiwaki, Hirano-ku, Osaka, JPN, 547-0035

Website

http://www.jcm-hq.co.jp

Japan Cash Machine Co Ltd is engaged in the manufacture and sale of money-handling and amusement center machines. The company operates through four segments. Its Global gaming segment includes the trade of bill validators, recyclers, and printers for casinos and original equipment manufacturer customers. The Overseas commercial segment consists of the sale of machines to overseas financial, distribution and transportation markets. Its Domestic commercial segment comprises of marketing of bill recycler units coin dispensers and foreign currency exchange machines for domestic markets. The company's Equipment for amusement industry segment is involved in the provision of ball and medal lending machines for slot machines.

Japan Cash Machine Co (TSE:6418) Headlines

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