Inaba Denkisangyo Co (TSE:9934) ROCE % : 12.90% (As of Dec. 2023)

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What is Inaba Denkisangyo 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. Inaba Denkisangyo Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.90%.

Inaba Denkisangyo Co ROCE % Historical Data

The historical data trend for Inaba Denkisangyo 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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Inaba Denkisangyo Co ROCE % Chart

Inaba Denkisangyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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12.91

12.06

12.28

13.90

14.12

Inaba Denkisangyo Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															13.56	13.16	14.31	12.90	16.18

Inaba Denkisangyo Co ROCE % Calculation

Inaba Denkisangyo Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	22950	/	( ( (245646 - 88768)	+	(262756 - 94515) )	/ 2 )
	=	22950	/	( (156878	+	168241)	/ 2 )
	=	22950	/	162559.5
	=	14.12 %

Inaba Denkisangyo 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 )
	=	21096	/	( ( (239595 - 75506)	+	(242599 - 79534) )	/ 2 )
	=	21096	/	( ( 164089	+	163065 )	/ 2 )
	=	21096	/	163577
	=	12.90 %

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

Inaba Denkisangyo Co (TSE:9934) 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.

Inaba Denkisangyo Co ROCE % Related Terms

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Inaba Denkisangyo Co (TSE:9934) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Inaba Denkisangyo Co Ltd (TSE:9934) » Definitions » ROCE %

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Address

Nishi Ward 4-chome 11-14, Osaka, JPN, 550-0012

Website

http://www.inaba.co.jp

Inaba Denkisangyo Co Ltd is divided its business in Electrical equipment and materials, Industrial solutions and proprietary product divisions. Electrical equipment and materials division comprises products from light fittings, air conditioning systems, distribution panels for all types of buildings. Industrial solutions division consists of solutions for issues such as improving productivity, resource conservation, and space saving. Proprietary products division includes the development of in-house brands Inaba denko and Abaniact. It also develops products for eco-friendly lifestyles.

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