Hitachi Zosen (TSE:7004) ROCE % : 12.80% (As of Dec. 2023)

View and export this data going back to 1949. Start your Free Trial

What is Hitachi Zosen 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. Hitachi Zosen's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.80%.

Hitachi Zosen ROCE % Historical Data

The historical data trend for Hitachi Zosen'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.

* Premium members only.

Hitachi Zosen ROCE % Chart

Hitachi Zosen Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

3.59

1.99

3.30

5.58

8.36

Hitachi Zosen 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															12.69	23.97	-3.32	6.55	12.80

Hitachi Zosen ROCE % Calculation

Hitachi Zosen's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	19314	/	( ( (461161 - 238015)	+	(479682 - 240811) )	/ 2 )
	=	19314	/	( (223146	+	238871)	/ 2 )
	=	19314	/	231008.5
	=	8.36 %

Hitachi Zosen'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 )
	=	30288	/	( ( (459565 - 227794)	+	(469378 - 227834) )	/ 2 )
	=	30288	/	( ( 231771	+	241544 )	/ 2 )
	=	30288	/	236657.5
	=	12.80 %

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

Hitachi Zosen (TSE:7004) 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.

Hitachi Zosen ROCE % Related Terms

Thank you for viewing the detailed overview of Hitachi Zosen's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Hitachi Zosen (TSE:7004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hitachi Zosen Corp (TSE:7004) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HZS:Germany

Address

7-89, Nanko-kita 1-chome, Suminoe-ku, Osaka, JPN, 559-8559

Website

http://www.hitachizosen.co.jp

Hitachi Zosen Corp is a Japan-based industrial and engineering company. It engaged in the business domains of Green Energy, Social Infrastructure, and disaster prevention. The Company operations are classified into four reportable segments. Environmental Systems and Industrial Plants Segment include the production of environmental protection systems, water treatment systems, desalination and potabilization plants and chemical plants. Machinery segment includes the production of marine diesel engines, boilers, SCR systems, process equipment amongst others. Infrastructure segment includes bridge construction, water gates, and shield tunneling machines. Operations in the other businesses segment include the transportation business and warehousing business.

Hitachi Zosen (TSE:7004) Headlines

No Headlines