Narumiya International Co (TSE:9275) ROCE % : 31.72% (As of Feb. 2024)

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What is Narumiya International 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. Narumiya International Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 31.72%.

Narumiya International Co ROCE % Historical Data

The historical data trend for Narumiya International 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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Narumiya International Co ROCE % Chart

Narumiya International Co Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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18.04

9.08

18.60

20.87

23.03

Narumiya International Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															22.15	35.84	-14.01	40.74	31.72

Narumiya International Co ROCE % Calculation

Narumiya International Co's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	1947.513	/	( ( (13438.065 - 4896.329)	+	(14160.997 - 5790.75) )	/ 2 )
	=	1947.513	/	( (8541.736	+	8370.247)	/ 2 )
	=	1947.513	/	8455.9915
	=	23.03 %

Narumiya International Co's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	2633.008	/	( ( (15006.807 - 6776.09)	+	(14160.997 - 5790.75) )	/ 2 )
	=	2633.008	/	( ( 8230.717	+	8370.247 )	/ 2 )
	=	2633.008	/	8300.482
	=	31.72 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

Narumiya International Co (TSE:9275) 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.

Narumiya International Co ROCE % Related Terms

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Narumiya International Co (TSE:9275) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Narumiya International Co Ltd (TSE:9275) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-4-1 Shibakouen, Minato-ku, Shiba Park, Building B, 9th Floor, Tokyo, JPN, 105-0011

Website

http://www.narumiya-net.co.jp

Narumiya International Co Ltd is a Japanese company operating in the apparel industry. The company manufactures and sells children's clothing and related products including baby products. It operates more than 700 stores in Japan. Its brands include ANNA SUI Mini, Kate Spade New York, Mezzo piano, X Girl Stages, Extra Large Kids, Clade Scope, Pettimain, Beer room, Sense of Wonder, Love & Piece & Money, Baby Cheer, Kirin's Sophie, Pupil House, and many more.

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