Fujikura Composites (TSE:5121) ROCE % : 10.31% (As of Dec. 2023)

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What is Fujikura Composites 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. Fujikura Composites's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.31%.

Fujikura Composites ROCE % Historical Data

The historical data trend for Fujikura Composites'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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Fujikura Composites ROCE % Chart

Fujikura Composites Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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2.85

2.17

5.74

18.47

15.58

Fujikura Composites 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															18.76	5.43	13.79	19.23	10.31

Fujikura Composites ROCE % Calculation

Fujikura Composites'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 )
	=	5006.574	/	( ( (37750.859 - 8636.357)	+	(40374.152 - 5199.503) )	/ 2 )
	=	5006.574	/	( (29114.502	+	35174.649)	/ 2 )
	=	5006.574	/	32144.5755
	=	15.58 %

Fujikura Composites'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 )
	=	3915.724	/	( ( (42597.583 - 4806.506)	+	(43138.452 - 4993.391) )	/ 2 )
	=	3915.724	/	( ( 37791.077	+	38145.061 )	/ 2 )
	=	3915.724	/	37968.069
	=	10.31 %

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

Fujikura Composites (TSE:5121) 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.

Fujikura Composites ROCE % Related Terms

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Fujikura Composites (TSE:5121) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fujikura Composites Inc (TSE:5121) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

TOC Ariake East Tower, 10th Floor, 3-5-7 Ariake, Koto-ku, Tokyo, JPN, 135-0063

Website

http://www.fujikuracomposites.jp

Fujikura Composites Inc is engaged in the manufacturing and sales of rubber components for industrial applications, electronics, sporting goods, and control equipment. It manufactures and sells industrial rubber components; industrial materials, such as pneumatic controllers, anti-vibration mounts, and peripherals; electrical and electronic equipment; printing materials; rescue and life-saving equipment; and carbon shafts for golf clubs.

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