Kaname Kogyo Co (TSE:6566) ROCE % : 8.96% (As of Dec. 2023)

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What is Kaname 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. Kaname Kogyo Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.96%.

Kaname Kogyo Co ROCE % Historical Data

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

Kaname Kogyo Co Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.97

4.62

5.04

6.88

9.15

Kaname Kogyo 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															8.69	9.35	8.60	10.19	8.96

Kaname Kogyo Co ROCE % Calculation

Kaname Kogyo 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 )
	=	1809.349	/	( ( (21452.951 - 2055.765)	+	(22426.748 - 2280.892) )	/ 2 )
	=	1809.349	/	( (19397.186	+	20145.856)	/ 2 )
	=	1809.349	/	19771.521
	=	9.15 %

Kaname Kogyo 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 )
	=	1838.328	/	( ( (22656.271 - 2258.996)	+	(23066.565 - 2423.93) )	/ 2 )
	=	1838.328	/	( ( 20397.275	+	20642.635 )	/ 2 )
	=	1838.328	/	20519.955
	=	8.96 %

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

Kaname Kogyo Co (TSE:6566) 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.

Kaname Kogyo Co ROCE % Related Terms

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Kaname Kogyo Co (TSE:6566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Kaname Kogyo Co Ltd (TSE:6566) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-14-8 Ikebukuro, Toshimaku, Ikebukuro NS Building, Tokyo, JPN, 171-0014

Website

https://www.kaname-k.co.jp

Kaname Kogyo Co Ltd is a Japan-based company, engages in the provision of waste management services. It is engaged in collecting, transportation, disposal, and recycling of industrial waste, such as bins, cans, plastic bottles, bulky waste, as well as the general waste.

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