Yamaha Motor Co (TSE:7272) ROCE % : 9.44% (As of Dec. 2023)

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What is Yamaha Motor 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. Yamaha Motor Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.44%.

Yamaha Motor Co ROCE % Historical Data

The historical data trend for Yamaha Motor 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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Yamaha Motor Co ROCE % Chart

Yamaha Motor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.22

7.89

16.00

18.18

16.00

Yamaha Motor 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															14.58	20.28	19.32	15.35	9.44

Yamaha Motor Co ROCE % Calculation

Yamaha Motor 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 )
	=	250977	/	( ( (2183291 - 752873)	+	(2571962 - 865165) )	/ 2 )
	=	250977	/	( (1430418	+	1706797)	/ 2 )
	=	250977	/	1568607.5
	=	16.00 %

Yamaha Motor 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 )
	=	162948	/	( ( (2526784 - 782531)	+	(2571962 - 865165) )	/ 2 )
	=	162948	/	( ( 1744253	+	1706797 )	/ 2 )
	=	162948	/	1725525
	=	9.44 %

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

Yamaha Motor Co (TSE:7272) 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.

Yamaha Motor Co ROCE % Related Terms

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Yamaha Motor Co (TSE:7272) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Yamaha Motor Co Ltd (TSE:7272) » Definitions » ROCE %

Comparable Companies

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YMHAD:USA YAMHF:USA YMA:Germany

Address

2500, Shingai, Iwata, Shizuoka, JPN, 438-8501

Website

http://www.yamaha-motor.co.jp

Yamaha Motor Co Ltd is an automobile and electronics manufacturing company. The company is organised into five segments based on product type: motorcycles, marine products, power products, industrial machinery and robots, and other products. The motorcycles segment, contributing the majority of consolidated revenue, manufactures on- and off-road motorcycles, along with related motorcycle parts. Marine Products, the next-largest contributor to revenue, manufactures outboard motors, personal watercraft, and boats. Yamaha derives the majority of sales from Asia, with North America and Europe the next most significant markets.

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