Hoya (HOCPY) ROCE % : 21.51% (As of Dec. 2023)

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What is Hoya 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. Hoya's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.51%.

Hoya ROCE % Historical Data

The historical data trend for Hoya'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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Hoya ROCE % Chart

Hoya Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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23.69

22.60

22.92

26.01

23.85

Hoya 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															18.25	25.26	22.33	26.72	21.51

Hoya ROCE % Calculation

Hoya'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 )
	=	1628.318	/	( ( (8372.919 - 1242.901)	+	(7693.348 - 1167.844) )	/ 2 )
	=	1628.318	/	( (7130.018	+	6525.504)	/ 2 )
	=	1628.318	/	6827.761
	=	23.85 %

Hoya'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 )
	=	1392.872	/	( ( (7546.782 - 1131.604)	+	(7647.156 - 1109.559) )	/ 2 )
	=	1392.872	/	( ( 6415.178	+	6537.597 )	/ 2 )
	=	1392.872	/	6476.3875
	=	21.51 %

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

Hoya (OTCPK:HOCPY) 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.

Hoya ROCE % Related Terms

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Hoya (HOCPY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Hoya Corp (OTCPK:HOCPY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HOCPF:USA 7741:Japan HYB:Germany

Address

20th Floor Nishi-Shinjuku Building, 6-10-1, Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-8347

Website

http://www.hoya.co.jp

Hoya Corp is a diversified, multinational company and supplier of innovative and indispensable high-tech and healthcare products. HOYA is active in two core business segments: The Life Care segment and Information Technology segment. The Life Care segment encompasses health care areas such as eyeglass lenses and the operation of contact lens retail stores, as well as medical endoscopes, surgical equipment and artificial bones and implants. Information Technology segment focuses on electronics products for the semiconductor industry and LCD panels, glass disks for HDDs and optical lenses for digital cameras and smartphones.

Hoya (HOCPY) Headlines

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