Kuroda Precision Industries (TSE:7726) ROCE % : 3.26% (As of Dec. 2023)

View and export this data going back to 1961. Start your Free Trial

What is Kuroda Precision Industries 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. Kuroda Precision Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.26%.

Kuroda Precision Industries ROCE % Historical Data

The historical data trend for Kuroda Precision Industries'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.

Kuroda Precision Industries ROCE % Chart

Kuroda Precision Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

9.88

2.17

2.21

7.66

10.73

Kuroda Precision Industries 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															5.93	8.83	4.96	7.51	3.26

Kuroda Precision Industries ROCE % Calculation

Kuroda Precision Industries'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 )
	=	1637.136	/	( ( (22047.781 - 7322.16)	+	(25402.889 - 9623.343) )	/ 2 )
	=	1637.136	/	( (14725.621	+	15779.546)	/ 2 )
	=	1637.136	/	15252.5835
	=	10.73 %

Kuroda Precision Industries'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 )
	=	542.544	/	( ( (25289.809 - 9430.169)	+	(26726.183 - 9315.682) )	/ 2 )
	=	542.544	/	( ( 15859.64	+	17410.501 )	/ 2 )
	=	542.544	/	16635.0705
	=	3.26 %

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

Kuroda Precision Industries (TSE:7726) 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.

Kuroda Precision Industries ROCE % Related Terms

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

Kuroda Precision Industries (TSE:7726) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kuroda Precision Industries Ltd (TSE:7726) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kawasaki Tech Center 580-16 Horikawa-cho, Kawasaki-shi, Kawasaki, JPN, 212-8560

Website

http://www.kuroda-precision.co.jp

Kuroda Precision Industries Ltd operates as a gauge manufacturer in Japan. The company's product includes gauges, ball screws, tool holders, press tools, machine tools, lubricating oil supply device for semi-dry processing, and ultra-precision measuring systems among others.

Kuroda Precision Industries (TSE:7726) Headlines

No Headlines