EIZO (TSE:6737) ROCE % : 6.51% (As of Dec. 2023)

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What is EIZO 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. EIZO's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.51%.

EIZO ROCE % Historical Data

The historical data trend for EIZO'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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EIZO ROCE % Chart

EIZO Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.07

7.18

8.47

5.98

5.65

EIZO 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															7.77	7.31	1.96	6.51	6.68

EIZO ROCE % Calculation

EIZO'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 )
	=	7966	/	( ( (155935 - 19717)	+	(164819 - 19006) )	/ 2 )
	=	7966	/	( (136218	+	145813)	/ 2 )
	=	7966	/	141015.5
	=	5.65 %

EIZO'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 )
	=	9288	/	( ( (163340 - 21377)	+	(164212 - 20979) )	/ 2 )
	=	9288	/	( ( 141963	+	143233 )	/ 2 )
	=	9288	/	142598
	=	6.51 %

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

EIZO (TSE:6737) 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.

EIZO ROCE % Related Terms

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EIZO (TSE:6737) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » EIZO Corp (TSE:6737) » Definitions » ROCE %

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Address

153 Shimokashiwano, Hakusan, Ishikawa, JPN, 924-8566

Website

http://www.eizo.co.jp

EIZO Corp is a Japanese computer display solutions provider. The company along with its subsidiaries develops and manufactures display products and other solutions for businesses, healthcare solutions, graphics, air traffic control, and maritime. Its product portfolio includes a variety of display monitors such as professional liquid crystal display, color management, home entertainment, medical, and industrial. Its product application is in various industries which include aviation, security, healthcare, and home entertainment. Most of its revenues are generated through the sale of visual display systems.

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