Nagoya Electric Works Co (NGO:6797) ROCE % : 4.78% (As of Dec. 2023)

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What is Nagoya Electric Works 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. Nagoya Electric Works Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.78%.

Nagoya Electric Works Co ROCE % Historical Data

The historical data trend for Nagoya Electric Works 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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Nagoya Electric Works Co ROCE % Chart

Nagoya Electric Works Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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12.64

13.66

30.60

15.36

13.47

Nagoya Electric Works 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															3.22	39.76	0.16	-	4.78

Nagoya Electric Works Co ROCE % Calculation

Nagoya Electric Works 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 )
	=	2496.826	/	( ( (24797.261 - 6956.844)	+	(25692.648 - 6463.68) )	/ 2 )
	=	2496.826	/	( (17840.417	+	19228.968)	/ 2 )
	=	2496.826	/	18534.6925
	=	13.47 %

Nagoya Electric Works 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 )
	=	905.74	/	( ( (24557.708 - 5720.522)	+	(24787.226 - 5746.956) )	/ 2 )
	=	905.74	/	( ( 18837.186	+	19040.27 )	/ 2 )
	=	905.74	/	18938.728
	=	4.78 %

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

Nagoya Electric Works Co (NGO:6797) 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.

Nagoya Electric Works Co ROCE % Related Terms

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Nagoya Electric Works Co (NGO:6797) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Nagoya Electric Works Co Ltd (NGO:6797) » Definitions » ROCE %

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Address

Shinoda Mentoku 29-1, Aichi Prefecture, Yubinbango, Ama City, JPN, 490-1294

Website

http://www.nagoya-denki.co.jp

Nagoya Electric Works Co Ltd provides various road traffic information systems for public works and focuses on the expansion of the inspection equipment business for private enterprises in the automotive/electronic equipment industries. Its Information Equipment Business Division includes ITS information device, Automotive product and LED lighting. Its automotive products include red diffused light warning light, smart friix, portable sign device, self-propelled sign car.

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