AGP (TSE:9377) ROCE % : 10.84% (As of Dec. 2023)

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What is AGP 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. AGP's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.84%.

AGP ROCE % Historical Data

The historical data trend for AGP'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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AGP ROCE % Chart

AGP Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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12.95

11.29

-1.55

0.49

3.60

AGP 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															5.56	10.59	4.29	6.57	10.84

AGP ROCE % Calculation

AGP'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 )
	=	438.31	/	( ( (14250.462 - 1775.369)	+	(13354.902 - 1453.301) )	/ 2 )
	=	438.31	/	( (12475.093	+	11901.601)	/ 2 )
	=	438.31	/	12188.347
	=	3.60 %

AGP'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 )
	=	1268.752	/	( ( (13174.443 - 1478.578)	+	(13165.146 - 1448.718) )	/ 2 )
	=	1268.752	/	( ( 11695.865	+	11716.428 )	/ 2 )
	=	1268.752	/	11706.1465
	=	10.84 %

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

AGP (TSE:9377) 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.

AGP ROCE % Related Terms

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AGP (TSE:9377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » AGP Corp (TSE:9377) » Definitions » ROCE %

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Address

No. 7 No. 1, Haneda Airport, Ota-ku, Airport Building No. 2 General Building, Tokyo, JPN, 144-0041

Website

http://www.agpgroup.co.jp

AGP Corp is engaged in supplying electric power and other services for aircraft. Its business activities are divided into six divisions. Power business division supplies power to aircraft as electricity, air conditioning and compressed air. Maintenance and facility business is responsible for maintaining electrical equipment, air-conditioning equipment, sanitation equipment, firefighting equipment, Lifting equipment, among others. Security business manages airport security equipments such as metal detectors, explosive detection equipment. Food system solution business develops, manufactures and sells a new hood cart that makes full use of know-how on in-flight meal cart. Factory vegetable production business. Jet support business offers hangar parking machine and aircraft cleaning.

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