Yamato Kogyo Co (TSE:5444) ROCE % : 17.66% (As of Mar. 2024)

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What is Yamato 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. Yamato Kogyo Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.66%.

Yamato Kogyo Co ROCE % Historical Data

The historical data trend for Yamato 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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Yamato Kogyo Co ROCE % Chart

Yamato Kogyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.42

3.36

15.54

20.09

17.94

Yamato 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															14.15	19.47	18.59	15.22	17.66

Yamato Kogyo Co ROCE % Calculation

Yamato 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 )
	=	96620	/	( ( (515000 - 21498)	+	(608783 - 25250) )	/ 2 )
	=	96620	/	( (493502	+	583533)	/ 2 )
	=	96620	/	538517.5
	=	17.94 %

Yamato Kogyo Co'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 )
	=	102716	/	( ( (604031 - 24093)	+	(608783 - 25250) )	/ 2 )
	=	102716	/	( ( 579938	+	583533 )	/ 2 )
	=	102716	/	581735.5
	=	17.66 %

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

Yamato Kogyo Co (TSE:5444) 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.

Yamato Kogyo Co ROCE % Related Terms

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Yamato Kogyo Co (TSE:5444) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yamato Kogyo Co Ltd (TSE:5444) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

380 Kibi,Otsu?ku, Himeji, Hyogo, JPN, 671-1192

Website

http://www.yamatokogyo.co.jp

Yamato Kogyo Co., Ltd. is a Japan-based investment holding company. The company is engaged in production and distribution of steel products, heavy-duty processing goods, railway track accessories, and other businesses, through a number of subsidiaries both at home and abroad. Steel products represent the majority of the company's revenue. Japan, South Korea, and Thailand are the three major markets for Yamato Kogyo. In Japan, the company primarily operates through its wholly owned Yamato Steel and Yamato Trackwork System. In the overseas market (primarily South Korea and Thailand), the company primarily operates through YK Steel Corporation and Siam Yamato Steel.

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