Amano (AMANF) ROCE % : 16.27% (As of Mar. 2024)

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What is Amano 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. Amano's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.27%.

Amano ROCE % Historical Data

The historical data trend for Amano'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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Amano ROCE % Chart

Amano Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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14.49

8.34

11.28

12.38

13.41

Amano 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															21.54	9.38	16.24	14.75	16.27

Amano ROCE % Calculation

Amano'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 )
	=	128.929	/	( ( (1281.195 - 288.132)	+	(1232.057 - 302.292) )	/ 2 )
	=	128.929	/	( (993.063	+	929.765)	/ 2 )
	=	128.929	/	961.414
	=	13.41 %

Amano's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	152.772	/	( ( (1241.673 - 293.982)	+	(1232.057 - 302.292) )	/ 2 )
	=	152.772	/	( ( 947.691	+	929.765 )	/ 2 )
	=	152.772	/	938.728
	=	16.27 %

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

Amano (OTCPK:AMANF) 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.

Amano ROCE % Related Terms

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Amano (AMANF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Amano Corp (OTCPK:AMANF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6436:Japan

Address

275 Mamedocho, Kohoku-ku, Yokohama, Kanagawa, JPN, 222-8558

Website

http://www.amano.co.jp

Amano Corp offers information systems, time management products, parking management services, environmental solutions, and cleaning products. The company helps clients coordinate human resources, payroll, and time recorders with software and standardized machines. It offers solutions to accurately record the data on billing and documents, and can process a wide variety of information customized for each client. Parking lots and bicycle-parking systems ensure safety while increasing the level of convenience for parking lot users. Products geared toward environmental and cleaning applications include dust and fume collectors, hazardous-gas removal systems, and floor scrubbers and cleaners. The majority of sales derive from customers located in Japan.

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