Hirose Electric Co (Hirose Electric Co) ROCE % : 8.46% (As of Mar. 2024)

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What is Hirose Electric 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. Hirose Electric Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.46%.

Hirose Electric Co ROCE % Historical Data

The historical data trend for Hirose Electric 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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Hirose Electric Co ROCE % Chart

Hirose Electric Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.92

8.78

11.90

12.79

9.83

Hirose Electric Co 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															8.64	11.27	9.37	12.22	8.46

Hirose Electric Co ROCE % Calculation

Hirose Electric Co'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 )
	=	259.327	/	( ( (3002.724 - 277.464)	+	(2692.923 - 141.491) )	/ 2 )
	=	259.327	/	( (2725.26	+	2551.432)	/ 2 )
	=	259.327	/	2638.346
	=	9.83 %

Hirose Electric Co'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 )
	=	217.568	/	( ( (2745.964 - 151.811)	+	(2692.923 - 141.491) )	/ 2 )
	=	217.568	/	( ( 2594.153	+	2551.432 )	/ 2 )
	=	217.568	/	2572.7925
	=	8.46 %

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

Hirose Electric Co (OTCPK:HRSEF) 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.

Hirose Electric Co ROCE % Related Terms

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Hirose Electric Co (Hirose Electric Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hirose Electric Co Ltd (OTCPK:HRSEF) » Definitions » ROCE %

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HROEY:USA 6806:Japan

Address

5-23. Osaki 5-chome, shinagawa-ku, Tokyo, JPN, 141-8587

Website

https://www.hirose.com

Hirose Electric Co Ltd is a Japan-based company that manufactures and distributes electrical and electronic connectors for use in automotive, mobile communication, telecommunications, networking, and smart grid applications. Its product portfolio includes printed circuit boards, optical connectors, fiber optic cables, sealed connectors, microwave components, switches and sensors, modular jacks and plugs, integrated circuit cards and sockets, and coaxial cables. The firm generates revenue in Europe, Asia, and North America.

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