Roland (TSE:7944) ROCE % : 9.50% (As of Mar. 2024)

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What is Roland 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. Roland's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.50%.

Roland ROCE % Historical Data

The historical data trend for Roland'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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Roland ROCE % Chart

Roland Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Dec19

Dec20

Dec21

Dec22

ROCE %

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8.52

8.59

20.30

31.15

26.07

Roland Quarterly Data
	Mar14	Jun14	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															16.13	17.01	24.36	31.47	9.50

Roland ROCE % Calculation

Roland's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	10600	/	( ( (52807 - 16033)	+	(77056 - 32513) )	/ 2 )
	=	10600	/	( (36774	+	44543)	/ 2 )
	=	10600	/	40658.5
	=	26.07 %

Roland's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	5192	/	( ( (80969 - 28041)	+	(79830 - 23441) )	/ 2 )
	=	5192	/	( ( 52928	+	56389 )	/ 2 )
	=	5192	/	54658.5
	=	9.50 %

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

Roland (TSE:7944) 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.

Roland ROCE % Related Terms

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Roland (TSE:7944) Business Description

Industry

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Address

2036-1 Nakagawa Hosoe-cho, Hamamatsu-shi, Shizuoka, JPN, 431-1304

Website

http://www.roland.co.jp

Roland Corporation is a leisure based goods and services provider in Japan. Its business comprises of the manufacture and sale of electronic musical instruments such as pianos, organs, keyboards, guitar, amplifiers and accessories essential for music creation. The musical instrument production falls under the electronic musical instruments segment, which secures the maximum revenue share for the company. Its other segment is the computer peripherals business. The Computer Peripheral Equipment segment is involved in the development, manufacture, and sale of printers, plotters, and other work machines. Roland Corporation distributes its products predominantly in North America and in Europe and Japan.

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