Kokusai Electric (TSE:6525) ROCE % : 15.48% (As of Dec. 2023)

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What is Kokusai Electric 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. Kokusai Electric's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.48%.

Kokusai Electric ROCE % Historical Data

The historical data trend for Kokusai Electric'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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Kokusai Electric ROCE % Chart

Kokusai Electric Annual Data

Trend

Mar22

Mar23

ROCE %

27.47

21.50

Kokusai Electric Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	16.38	5.94	13.68	15.48

Kokusai Electric ROCE % Calculation

Kokusai Electric'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 )
	=	56973	/	( ( (356532 - 98533)	+	(370263 - 98177) )	/ 2 )
	=	56973	/	( (257999	+	272086)	/ 2 )
	=	56973	/	265042.5
	=	21.50 %

Kokusai Electric'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 )
	=	43880	/	( ( (360039 - 80758)	+	(371193 - 83698) )	/ 2 )
	=	43880	/	( ( 279281	+	287495 )	/ 2 )
	=	43880	/	283388
	=	15.48 %

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

Kokusai Electric (TSE:6525) 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.

Kokusai Electric ROCE % Related Terms

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Kokusai Electric (TSE:6525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Kokusai Electric Corp (TSE:6525) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

69B:Germany

Address

3-4 Kanda Kaji-cho, 5th floor, oak Kanda Kajicho Building, Chiyoda-ku, Tokyo, JPN, 101-0045

Website

https://www.kokusai-electric.com

Kokusai Electric Corp is engaged in the development, manufacturing, sales, and installation of semiconductor manufacturing equipment, and services such as maintenance, repair, and parts sales of said equipment.

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