Itoki (TSE:7972) ROCE % : 5.56% (As of Dec. 2023)

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What is Itoki 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. Itoki's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.56%.

Itoki ROCE % Historical Data

The historical data trend for Itoki'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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Itoki ROCE % Chart

Itoki Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.92

2.47

2.74

13.36

12.52

Itoki 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															20.78	28.87	13.51	2.31	5.56

Itoki ROCE % Calculation

Itoki'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 )
	=	8529	/	( ( (115288 - 49099)	+	(117437 - 47340) )	/ 2 )
	=	8529	/	( (66189	+	70097)	/ 2 )
	=	8529	/	68143
	=	12.52 %

Itoki'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 )
	=	3884	/	( ( (111573 - 42010)	+	(117437 - 47340) )	/ 2 )
	=	3884	/	( ( 69563	+	70097 )	/ 2 )
	=	3884	/	69830
	=	5.56 %

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

Itoki (TSE:7972) 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.

Itoki ROCE % Related Terms

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Itoki (TSE:7972) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Itoki Corp (TSE:7972) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-5-1 Nihonbashi, Chuo-ku, Osaka, JPN, 103-6113

Website

http://www.itoki.jp

Itoki Corp is engaged in the manufacturing and selling of office furniture, facilities equipment, and other related products. Its product portfolio consists of steel and wooden furniture, iron doors, and safe-deposit boxes, as well as office supplies and equipment, and store furniture and equipment. The company is also involved in the provision of maintenance services; and the execution and management of construction projects.

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