LIXIL (TSE:5938) ROCE % : -2.76% (As of Mar. 2024)

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What is LIXIL 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. LIXIL's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.76%.

LIXIL ROCE % Historical Data

The historical data trend for LIXIL'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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LIXIL ROCE % Chart

LIXIL Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.00

3.45

6.29

2.35

1.59

LIXIL 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															0.34	1.15	1.85	6.57	-2.76

LIXIL ROCE % Calculation

LIXIL'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 )
	=	19859	/	( ( (1853534 - 652202)	+	(1886595 - 594592) )	/ 2 )
	=	19859	/	( (1201332	+	1292003)	/ 2 )
	=	19859	/	1246667.5
	=	1.59 %

LIXIL'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 )
	=	-34504	/	( ( (1887453 - 675525)	+	(1886595 - 594592) )	/ 2 )
	=	-34504	/	( ( 1211928	+	1292003 )	/ 2 )
	=	-34504	/	1251965.5
	=	-2.76 %

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

LIXIL (TSE:5938) 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.

LIXIL ROCE % Related Terms

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LIXIL (TSE:5938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » LIXIL Corp (TSE:5938) » Definitions » ROCE %

Comparable Companies

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JSGRY:USA TJS:Germany

Address

Osaki Garden Tower, 1-1 Nishi-Shinagawa 1-chome, Shinagawa-ku, Tokyo, JPN, 141-0033

Website

https://www.lixil-group.co.jp

LIXIL Corp manufactures and sells building and housing materials globally through two primary segments based on location. The company's product portfolio includes building materials, doors, shutters, plumbing fixtures, equipment, curtain walls, faucets, and bathtubs. The domestic business segment, which generates the majority of revenue, sells its products throughout Japan through retail and distribution centers. The segment also sells and manages real estate. The overseas business segment sells products throughout Asia and North America. Bathroom products in North America are sold under the American Standard brand.

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