Nikon (NINOY) ROCE % : 12.44% (As of Dec. 2023)

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What is Nikon 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. Nikon's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.44%.

Nikon ROCE % Historical Data

The historical data trend for Nikon'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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Nikon ROCE % Chart

Nikon Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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12.28

1.96

-6.37

8.33

7.92

Nikon 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															16.28	3.08	3.98	6.14	12.44

Nikon ROCE % Calculation

Nikon'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 )
	=	471.173	/	( ( (8766.983 - 2647.393)	+	(7857.498 - 2074.623) )	/ 2 )
	=	471.173	/	( (6119.59	+	5782.875)	/ 2 )
	=	471.173	/	5951.2325
	=	7.92 %

Nikon'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 )
	=	667.084	/	( ( (7432.69 - 2144.131)	+	(7640.794 - 2202.311) )	/ 2 )
	=	667.084	/	( ( 5288.559	+	5438.483 )	/ 2 )
	=	667.084	/	5363.521
	=	12.44 %

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

Nikon (OTCPK:NINOY) 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.

Nikon ROCE % Related Terms

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Nikon (NINOY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Nikon Corp (OTCPK:NINOY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NINOF:USA 7731:Japan NKN:Germany

Address

Konan 2-15-3 Shinagawa Intercity Building C, Minato-ku, Tokyo, JPN, 108-6290

Website

http://www.nikon.co.jp

Nikon manufactures photography and videography equipment. The company organises itself into various segments based on product type: imaging products, precision equipment, instruments, medical, and other business. The imaging products and precision equipment businesses collectively constitute the vast majority of company revenue. The imaging products business, which contributes more than half of consolidated revenue, principally produces digital cameras and interchangeable lenses. The precision equipment business produces semiconductor lithography systems for the production of semiconductors, and FPD lithography systems for the production of LCD and OLED panels.

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