Nisshinbo Holdings (TSE:3105) ROCE % : 10.79% (As of Mar. 2024)

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What is Nisshinbo Holdings 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. Nisshinbo Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.79%.

Nisshinbo Holdings ROCE % Historical Data

The historical data trend for Nisshinbo Holdings'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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Nisshinbo Holdings ROCE % Chart

Nisshinbo Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.27

5.53

6.14

7.21

-4.42

Nisshinbo Holdings 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															16.89	1.31	-34.04	-0.41	10.79

Nisshinbo Holdings ROCE % Calculation

Nisshinbo Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-17276	/	( ( (616273 - 259554)	+	(672217 - 247806) )	/ 2 )
	=	-17276	/	( (356719	+	424411)	/ 2 )
	=	-17276	/	390565
	=	-4.42 %

Nisshinbo Holdings'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 )
	=	46688	/	( ( (672217 - 247806)	+	(698267 - 256929) )	/ 2 )
	=	46688	/	( ( 424411	+	441338 )	/ 2 )
	=	46688	/	432874.5
	=	10.79 %

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

Nisshinbo Holdings (TSE:3105) 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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Nisshinbo Holdings (TSE:3105) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nisshinbo Holdings Inc (TSE:3105) » Definitions » ROCE %

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Traded in Other Exchanges

NSHBY:USA

Address

2-31-11, Ningyo-cho, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8650

Website

http://www.nisshinbo.co.jp

Nisshinbo Holdings Inc is a Japan-based company that is primarily engaged in electronics, automobile brake, textile, paper, and precision instrument businesses. The company's electronics business provides shipping navigation technology, network equipment, microwave-related products, semiconductor devices, and others. The automobile brake business manufactures friction materials and assembly products. The textile business primarily manufactures non-iron shirts, non-woven fabrics, and spandex. The paper business mainly manufactures household paper, specialty paper, and processed paper products. The precision instrument business produces plastic molding parts, precision parts and others.

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