Bando Chemical Industries (TSE:5195) ROCE % : 6.08% (As of Mar. 2024)

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What is Bando Chemical Industries 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. Bando Chemical Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.08%.

Bando Chemical Industries ROCE % Historical Data

The historical data trend for Bando Chemical Industries'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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Bando Chemical Industries ROCE % Chart

Bando Chemical Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.03

6.66

4.02

10.21

10.05

Bando Chemical Industries 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															7.48	12.58	12.24	10.51	6.08

Bando Chemical Industries ROCE % Calculation

Bando Chemical Industries'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 )
	=	9039	/	( ( (118971 - 32169)	+	(125622 - 32458) )	/ 2 )
	=	9039	/	( (86802	+	93164)	/ 2 )
	=	9039	/	89983
	=	10.05 %

Bando Chemical Industries'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 )
	=	5580	/	( ( (121720 - 31371)	+	(125622 - 32458) )	/ 2 )
	=	5580	/	( ( 90349	+	93164 )	/ 2 )
	=	5580	/	91756.5
	=	6.08 %

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

Bando Chemical Industries (TSE:5195) 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.

Bando Chemical Industries ROCE % Related Terms

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Bando Chemical Industries (TSE:5195) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bando Chemical Industries Ltd (TSE:5195) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-6, Minatojima Minamimachi 4-chome, Chuo-ku, Kobe, JPN, 650-0047

Website

http://www.bando.co.jp

Bando Chemical Industries Ltd manufactures and sells rubber and plastic products such as power transmission belts and systems, belts used in precision equipment, and multimedia parts made form urethane and resins. It operates its business under Belt, Advanced Elastomer Products, and Other segments. Belt segment manufactures and sells transmission belts for automobiles and general industry use, conveyor belts, resin conveyor belts, synchronous conveyor belts, transportation system products, hulling roll and railway track product, among others. Elastomer segment manufactures and sells polyurethane functional components, precision abrasives, films for building materials, medical films and industrial films, among others. Bando earns the majority of its revenue from Belt business.

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