Pigeon (TSE:7956) ROCE % : 0.17% (As of Dec. 2023)

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What is Pigeon 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. Pigeon's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.17%.

Pigeon ROCE % Historical Data

The historical data trend for Pigeon'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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Pigeon ROCE % Chart

Pigeon Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.63

21.47

16.93

15.65

13.00

Pigeon Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															11.16	17.87	15.46	18.13	0.17

Pigeon ROCE % Calculation

Pigeon's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	11252	/	( ( (101733 - 15563)	+	(100440 - 13532) )	/ 2 )
	=	11252	/	( (86170	+	86908)	/ 2 )
	=	11252	/	86539
	=	13.00 %

Pigeon'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 )
	=	148	/	( ( (105432 - 16410)	+	(100440 - 13532) )	/ 2 )
	=	148	/	( ( 89022	+	86908 )	/ 2 )
	=	148	/	87965
	=	0.17 %

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

Pigeon (TSE:7956) 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.

Pigeon ROCE % Related Terms

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Pigeon (TSE:7956) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pigeon Corp (TSE:7956) » Definitions » ROCE %

Comparable Companies

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PGENY:USA

Address

4-4, Nihonbashi-Hisamatsucho, Chuo-ku, Tokyo, JPN, 103-8480

Website

http://www.pigeon.co.jp

Pigeon Corp is a Japanese household and personal product company that manufactures and sells baby- and child-care and maternity products, women's care items, and home healthcare products, among others. The business is divided into a domestic baby and mother care business, child-rearing support services, a healthcare and nursing care business, and overseas Business, and a Chinese business. The overseas business includes Asia (South Korea, Singapore, and India, among others), the Middle East (United Arab Emirates, among others), North America (the U.S. and Canada), and others (South Africa, Germany, and South America).

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