Nagano Keiki Co (TSE:7715) ROCE % : 18.72% (As of Dec. 2023)

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What is Nagano Keiki 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. Nagano Keiki Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.72%.

Nagano Keiki Co ROCE % Historical Data

The historical data trend for Nagano Keiki 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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Nagano Keiki Co ROCE % Chart

Nagano Keiki Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.70

8.01

5.61

11.79

12.89

Nagano Keiki 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															15.12	15.08	19.09	16.99	18.72

Nagano Keiki Co ROCE % Calculation

Nagano Keiki 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 )
	=	5197.042	/	( ( (55581.709 - 17443.269)	+	(62863.875 - 20384.717) )	/ 2 )
	=	5197.042	/	( (38138.44	+	42479.158)	/ 2 )
	=	5197.042	/	40308.799
	=	12.89 %

Nagano Keiki 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 )
	=	8753.324	/	( ( (67408.526 - 21154.864)	+	(68716.728 - 21464.772) )	/ 2 )
	=	8753.324	/	( ( 46253.662	+	47251.956 )	/ 2 )
	=	8753.324	/	46752.809
	=	18.72 %

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

Nagano Keiki Co (TSE:7715) 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.

Nagano Keiki Co ROCE % Related Terms

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Nagano Keiki Co (TSE:7715) Business Description

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Address

1-30-4 Higashimagome, Ohta-ku, Tokyo, JPN, 143-8544

Website

http://www.naganokeiki.co.jp

Nagano Keiki Co Ltd is engaged in the production and sale of pressure gauges, pressure sensors and measurement control equipment in Japan. Its products portfolio includes pressure gauges, including compound, vacuum, differential, low pressure, absolute, and diaphragm-seal type products; mechanical and electrical types switches, indicators with switches, and plug-in connectors for pressure switches; pressure sensors comprising pressure transmitters, load and level sensors, converters and various types of temperature gauges.

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