Koatsu Gas Kogyo Co (TSE:4097) ROCE % : 10.19% (As of Dec. 2023)

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What is Koatsu Gas 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. Koatsu Gas Kogyo Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.19%.

Koatsu Gas Kogyo Co ROCE % Historical Data

The historical data trend for Koatsu Gas 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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Koatsu Gas Kogyo Co ROCE % Chart

Koatsu Gas Kogyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.17

7.93

8.87

7.90

7.94

Koatsu Gas Kogyo 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															7.00	9.30	7.13	10.19	5.28

Koatsu Gas Kogyo Co ROCE % Calculation

Koatsu Gas Kogyo 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 )
	=	6719	/	( ( (107506.246 - 28474.922)	+	(120184 - 29909) )	/ 2 )
	=	6719	/	( (79031.324	+	90275)	/ 2 )
	=	6719	/	84653.162
	=	7.94 %

Koatsu Gas 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 )
	=	8788	/	( ( (113976 - 28472)	+	(114368 - 27433) )	/ 2 )
	=	8788	/	( ( 85504	+	86935 )	/ 2 )
	=	8788	/	86219.5
	=	10.19 %

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

Koatsu Gas Kogyo Co (TSE:4097) 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.

Koatsu Gas Kogyo Co ROCE % Related Terms

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Koatsu Gas Kogyo Co (TSE:4097) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Koatsu Gas Kogyo Co Ltd (TSE:4097) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

1-5, Doyama-cho, Kita-ku, Osaka, JPN, 530-8411

Website

http://www.koatsugas.co.jp

Koatsu Gas Kogyo Co., Ltd. is engaged in the production and distribution of industrial gases and chemical products. It has three operating business divisions: Gas, Chemical Products and Information Systems. The company supplies various types of gases to a broad range of industrial sectors, from living-related industries to the medical industry. Its chemical products offering includes adhesives, a synthetic resin emulsion, cyanon, special resin and a nonwoven shock-absorbing material. The company offers information systems, such as LSI cards and reader-writers for various industrial fields, such as construction, civil engineering, transportation, and production equipment; and GNSS receiver modules.

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