Kohoku Kogyo Co (TSE:6524) ROCE % : 20.36% (As of Mar. 2024)

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What is Kohoku Kogyo 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. Kohoku Kogyo Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.36%.

Kohoku Kogyo Co ROCE % Historical Data

The historical data trend for Kohoku Kogyo 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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Kohoku Kogyo Co ROCE % Chart

Kohoku Kogyo Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

14.81

28.99

34.04

23.64

13.66

Kohoku Kogyo Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								17.31	24.02	12.84	0.98	20.36

Kohoku Kogyo Co ROCE % Calculation

Kohoku Kogyo Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	2961	/	( ( (24285 - 3375)	+	(24973 - 2522) )	/ 2 )
	=	2961	/	( (20910	+	22451)	/ 2 )
	=	2961	/	21680.5
	=	13.66 %

Kohoku Kogyo Co'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 )
	=	4620	/	( ( (24973 - 2522)	+	(25427 - 2504) )	/ 2 )
	=	4620	/	( ( 22451	+	22923 )	/ 2 )
	=	4620	/	22687
	=	20.36 %

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

Kohoku Kogyo Co (TSE:6524) 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.

Kohoku Kogyo Co ROCE % Related Terms

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Kohoku Kogyo Co (TSE:6524) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kohoku Kogyo Co Ltd (TSE:6524) » Definitions » ROCE %

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Traded in Other Exchanges

H9J:Germany

Address

1623 Takatsuki, Takatsuki-cho, Shiga Prefecture, Nagahama, JPN, 529-0241

Website

https://www.kohokukogyo.co.jp

Kohoku Kogyo Co Ltd is engaged in the manufacturing and marketing of lead terminals for aluminum electrolytic capacitors and optical components and devices for optical fiber communication network.

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