Eiken Industries Co (TSE:7265) ROCE % : 4.35% (As of Jan. 2024)

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What is Eiken Industries 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. Eiken Industries Co's annualized ROCE % for the quarter that ended in Jan. 2024 was 4.35%.

Eiken Industries Co ROCE % Historical Data

The historical data trend for Eiken Industries 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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Eiken Industries Co ROCE % Chart

Eiken Industries Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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9.97

5.94

10.61

6.39

2.98

Eiken Industries Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															3.13	4.43	0.83	3.61	4.35

Eiken Industries Co ROCE % Calculation

Eiken Industries Co's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	177.019	/	( ( (7047.464 - 1127.898)	+	(7078.974 - 1100.041) )	/ 2 )
	=	177.019	/	( (5919.566	+	5978.933)	/ 2 )
	=	177.019	/	5949.2495
	=	2.98 %

Eiken Industries Co's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	258.864	/	( ( (7078.974 - 1100.041)	+	(7171.068 - 1257.543) )	/ 2 )
	=	258.864	/	( ( 5978.933	+	5913.525 )	/ 2 )
	=	258.864	/	5946.229
	=	4.35 %

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

Eiken Industries Co (TSE:7265) 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.

Eiken Industries Co ROCE % Related Terms

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Eiken Industries Co (TSE:7265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Eiken Industries Co Ltd (TSE:7265) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

1370 Kadoya, Omaezaki-shi, Shizuoka, JPN, 437-1698

Website

http://www.eiken-kk.co.jp

Eiken Industries Co Ltd is a Japan based company filtration equipment manufacturer. It is engaged in manufacturing filers for internal combustion engines and special filters for industrial use. The products offered by the company include oil filter, air filter, fuel filter, cabin filter and burners.

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