Almado (TSE:4932) ROCE % : 95.94% (As of Dec. 2023)

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What is Almado 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. Almado's annualized ROCE % for the quarter that ended in Dec. 2023 was 95.94%.

Almado ROCE % Historical Data

The historical data trend for Almado'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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Almado ROCE % Chart

Almado Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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27.26

55.18

24.91

33.05

33.00

Almado Quarterly Data
	Mar18	Mar19	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												89.99	99.15	-12.89	64.06	95.94

Almado ROCE % Calculation

Almado'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 )
	=	840.01	/	( ( (3363.822 - 642.929)	+	(3671.254 - 1300.756) )	/ 2 )
	=	840.01	/	( (2720.893	+	2370.498)	/ 2 )
	=	840.01	/	2545.6955
	=	33.00 %

Almado'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 )
	=	1861.032	/	( ( (3840.091 - 1912.037)	+	(3544.121 - 1592.5) )	/ 2 )
	=	1861.032	/	( ( 1928.054	+	1951.621 )	/ 2 )
	=	1861.032	/	1939.8375
	=	95.94 %

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

Almado (TSE:4932) 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.

Almado ROCE % Related Terms

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Almado (TSE:4932) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Almado Inc (TSE:4932) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-6-18 Kyobashi, Chuo-ku, 8th Floor, Tokyo Building Kyobashi Building, Tokyo, JPN, 104-0031

Website

https://www.almado.co.jp

Almado Inc is engaged in planning, development and sales of cosmetics and supplements. The company develops its product from egg shell membrane that is a thin film inside the egg shell. Its product brands include TO-II, Ode, CELLULA, Type III, AMF, Almado La Dina, and other basic cosmetics, makeup cosmetics, supplements, and quasi-drugs.

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