Kurita Water Industries (Kurita Water Industries) ROCE % : 12.12% (As of Dec. 2023)

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What is Kurita Water Industries 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. Kurita Water Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.12%.

Kurita Water Industries ROCE % Historical Data

The historical data trend for Kurita Water Industries'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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Kurita Water Industries ROCE % Chart

Kurita Water Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.31

9.86

9.62

9.83

7.87

Kurita Water Industries 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															12.22	1.60	8.21	9.91	12.12

Kurita Water Industries ROCE % Calculation

Kurita Water Industries'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 )
	=	233.63	/	( ( (3963.496 - 960.782)	+	(3752.221 - 818.977) )	/ 2 )
	=	233.63	/	( (3002.714	+	2933.244)	/ 2 )
	=	233.63	/	2967.979
	=	7.87 %

Kurita Water Industries'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 )
	=	347.128	/	( ( (3576.448 - 787.115)	+	(3679.118 - 742.359) )	/ 2 )
	=	347.128	/	( ( 2789.333	+	2936.759 )	/ 2 )
	=	347.128	/	2863.046
	=	12.12 %

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

Kurita Water Industries (OTCPK:KTWIF) 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.

Kurita Water Industries ROCE % Related Terms

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Kurita Water Industries (Kurita Water Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kurita Water Industries Ltd (OTCPK:KTWIF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KTWIY:USA 6370:Japan KWI:Germany KWI:Germany

Address

Nakano Central Park East , 4-10-1, Nakano-ku, Tokyo, JPN, 164-0001

Website

http://www.kurita.co.jp

Kurita Water Industries Ltd. is a provider of water treatment solutions in Japan. It operates through two segments, The Water Treatment Chemical segment, and The Water Treatment Equipment segment. The Water Treatment Chemical segment sells water treatment-related chemicals, for air conditioning, petroleum refining, pulp and paper processing-related applications. The Water Treatment Equipment segment manufactures and sells water production systems, drinking water treatment equipment, water and wastewater treatment equipment for various industries. Additionally, the segment is also responsible for supplying ultrapure water, the provision of maintenance service and the operation of water treatment facilities.

Kurita Water Industries (Kurita Water Industries) Headlines

From GuruFocus

Third Avenue Management Comments on Kurita Water Industries Ltd.

By Holly LaFon • 03-27-2014