Japan Aviation Electronics Industry (TSE:6807) ROCE % : 11.71% (As of Dec. 2023)

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What is Japan Aviation Electronics Industry 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 Aviation Electronics Industry's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.71%.

Japan Aviation Electronics Industry ROCE % Historical Data

The historical data trend for Japan Aviation Electronics Industry'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 Aviation Electronics Industry ROCE % Chart

Japan Aviation Electronics Industry Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.70

5.28

11.39

11.15

9.17

Japan Aviation Electronics Industry 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															3.10	6.87	12.20	11.71	5.24

Japan Aviation Electronics Industry ROCE % Calculation

Japan Aviation Electronics Industry's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	16455	/	( ( (226626 - 50634)	+	(236042 - 53169) )	/ 2 )
	=	16455	/	( (175992	+	182873)	/ 2 )
	=	16455	/	179432.5
	=	9.17 %

Japan Aviation Electronics Industry'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 )
	=	21644	/	( ( (236570 - 51498)	+	(233553 - 49095) )	/ 2 )
	=	21644	/	( ( 185072	+	184458 )	/ 2 )
	=	21644	/	184765
	=	11.71 %

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

Japan Aviation Electronics Industry (TSE:6807) 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 Aviation Electronics Industry ROCE % Related Terms

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Japan Aviation Electronics Industry (TSE:6807) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Japan Aviation Electronics Industry Ltd (TSE:6807) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

21-2, Dogenzaka 1-chome, Shibuya-ku, Tokyo, JPN, 150-0043

Website

https://www.jae.com

Japan Aviation Electronics Industry Ltd is a Japan-based company that manufactures and distributes electronic components and equipment. The firm's operations are organized in four segments: the Connector segment, which sells connectors for use in infrastructure, transportation, and mobile device applications; the Interface Solution segment, which sells touch panels, touch controls, and monitors; the Aviation Equipment segment, which includes navigation equipment and motion sensor solutions; and Others, which includes the sale of other products and the transportation business.

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