EDP (TSE:7794) ROCE % : -10.36% (As of Dec. 2023)

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What is EDP 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. EDP's annualized ROCE % for the quarter that ended in Dec. 2023 was -10.36%.

EDP ROCE % Historical Data

The historical data trend for EDP'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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EDP ROCE % Chart

EDP Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

5.94

17.29

23.99

33.06

EDP Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial						32.16	17.56	-0.74	-0.02	-10.36

EDP ROCE % Calculation

EDP'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 )
	=	1278.759	/	( ( (2817.554 - 357.188)	+	(6016.457 - 740.545) )	/ 2 )
	=	1278.759	/	( (2460.366	+	5275.912)	/ 2 )
	=	1278.759	/	3868.139
	=	33.06 %

EDP'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 )
	=	-535.56	/	( ( (5541.638 - 282.047)	+	(5275.498 - 200.478) )	/ 2 )
	=	-535.56	/	( ( 5259.591	+	5075.02 )	/ 2 )
	=	-535.56	/	5167.3055
	=	-10.36 %

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

EDP (TSE:7794) 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.

EDP ROCE % Related Terms

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EDP (TSE:7794) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » EDP Corp (TSE:7794) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-6-3 Kamishinden, Toyonaka, Osaka, JPN, 560-0085

Website

https://www.d-edp.jp

EDP Corp is engaged in the production, fabrication, sales and development of a Single crystal diamond material.

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