Fenwal Controls of Japan (TSE:6870) ROCE % : 13.27% (As of Dec. 2023)

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What is Fenwal Controls of Japan 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. Fenwal Controls of Japan's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.27%.

Fenwal Controls of Japan ROCE % Historical Data

The historical data trend for Fenwal Controls of Japan'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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Fenwal Controls of Japan ROCE % Chart

Fenwal Controls of Japan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.25

6.83

5.45

7.89

4.19

Fenwal Controls of Japan 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															21.96	17.90	-5.68	-8.75	13.27

Fenwal Controls of Japan ROCE % Calculation

Fenwal Controls of Japan's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	600.632	/	( ( (18813.328 - 4487.576)	+	(19075.468 - 4717.361) )	/ 2 )
	=	600.632	/	( (14325.752	+	14358.107)	/ 2 )
	=	600.632	/	14341.9295
	=	4.19 %

Fenwal Controls of Japan'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 )
	=	1905.52	/	( ( (19091.232 - 4733.242)	+	(19075.468 - 4717.361) )	/ 2 )
	=	1905.52	/	( ( 14357.99	+	14358.107 )	/ 2 )
	=	1905.52	/	14358.0485
	=	13.27 %

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

Fenwal Controls of Japan (TSE:6870) 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.

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Fenwal Controls of Japan (TSE:6870) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Fenwal Controls of Japan Ltd (TSE:6870) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-10, Iidabashi-1-chome, Kurobe Building, Chiyoda-Ku, Tokyo, JPN, 102-0072

Website

http://www.fenwal.co.jp

Fenwal Controls of Japan Ltd is a Japan based company engaged in the manufacturing and selling firefighting products, disaster prevention equipment, medical products and temperature controlling products. The product portfolio of the company includes fire alarms and sprinklers, explosion suppression systems, and heat and smoke detection systems.

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