Aica Kogyo Co (TSE:4206) ROCE % : 16.59% (As of Dec. 2023)

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What is Aica Kogyo 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. Aica Kogyo Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.59%.

Aica Kogyo Co ROCE % Historical Data

The historical data trend for Aica Kogyo 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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Aica Kogyo Co ROCE % Chart

Aica Kogyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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15.14

14.43

11.63

13.06

10.33

Aica Kogyo Co 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															11.22	6.14	11.74	13.00	16.59

Aica Kogyo Co ROCE % Calculation

Aica Kogyo Co'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 )
	=	18831	/	( ( (240388 - 66327)	+	(250049 - 59669) )	/ 2 )
	=	18831	/	( (174061	+	190380)	/ 2 )
	=	18831	/	182220.5
	=	10.33 %

Aica Kogyo 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 )
	=	34308	/	( ( (266239 - 61926)	+	(271587 - 62259) )	/ 2 )
	=	34308	/	( ( 204313	+	209328 )	/ 2 )
	=	34308	/	206820.5
	=	16.59 %

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

Aica Kogyo Co (TSE:4206) 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.

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Aica Kogyo Co (TSE:4206) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Aica Kogyo Co Ltd (TSE:4206) » Definitions » ROCE %

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R5Y:Germany

Address

1-1 1-1 Meina Station, JP Tower Nagoya, 26th Floor, Aichi, JPN

Website

http://www.aica.co.jp

Aica Kogyo Co Ltd is a Japanese manufacturing company. It operates its business in four segments which are Chemical Products, Specialty & Performance Materials, Laminated Sheets, and Building & Housing Materials. The company mainly provides adhesives, resin, melamine doors, wall coating materials, countertops, decorative panels, polyester panels and boards. It also provides solar batteries, lamps, and silicone materials.

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