DIC (TSE:4631) ROCE % : 0.83% (As of Mar. 2024)

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What is DIC 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. DIC's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.83%.

DIC ROCE % Historical Data

The historical data trend for DIC'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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DIC ROCE % Chart

DIC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.74

4.50

4.95

4.85

-1.72

DIC 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															2.71	1.92	2.16	-13.43	0.83

DIC ROCE % Calculation

DIC'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 )
	=	-15194	/	( ( (1261637 - 389892)	+	(1244889 - 348749) )	/ 2 )
	=	-15194	/	( (871745	+	896140)	/ 2 )
	=	-15194	/	883942.5
	=	-1.72 %

DIC'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 )
	=	7520	/	( ( (1244889 - 348749)	+	(1270408 - 363405) )	/ 2 )
	=	7520	/	( ( 896140	+	907003 )	/ 2 )
	=	7520	/	901571.5
	=	0.83 %

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

DIC (TSE:4631) 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.

DIC ROCE % Related Terms

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DIC (TSE:4631) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » DIC Corp (TSE:4631) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DPN:Germany

Address

DIC Building, 7-20, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-8233

Website

http://www.dic-global.com/en/index.html

DIC Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into four segments based on product type. The printing inks segment, which generates the most revenue of any segment, sells inks used for publishing as well as inks and adhesives used for packaging. The polymers segment sells synthetic resins used in electronics and automobiles. The fine chemicals segment sells liquid crystals used for televisions and monitors as well as pigments for color filters. The application materials segment sells industrial adhesive tape as well as materials used for coating, printing, and molding.

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