Sakurajima Futo Kaisha, (TSE:9353) ROCE % : 4.34% (As of Dec. 2023)

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What is Sakurajima Futo Kaisha, 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. Sakurajima Futo Kaisha,'s annualized ROCE % for the quarter that ended in Dec. 2023 was 4.34%.

Sakurajima Futo Kaisha, ROCE % Historical Data

The historical data trend for Sakurajima Futo Kaisha,'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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Sakurajima Futo Kaisha, ROCE % Chart

Sakurajima Futo Kaisha, Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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3.16

5.47

4.02

3.31

4.14

Sakurajima Futo Kaisha, 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															7.01	2.21	3.59	5.10	4.34

Sakurajima Futo Kaisha, ROCE % Calculation

Sakurajima Futo Kaisha,'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 )
	=	288.69	/	( ( (7576.177 - 830.475)	+	(7943.963 - 752.998) )	/ 2 )
	=	288.69	/	( (6745.702	+	7190.965)	/ 2 )
	=	288.69	/	6968.3335
	=	4.14 %

Sakurajima Futo Kaisha,'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 )
	=	352.16	/	( ( (8849.059 - 724.79)	+	(9281.12 - 1168.627) )	/ 2 )
	=	352.16	/	( ( 8124.269	+	8112.493 )	/ 2 )
	=	352.16	/	8118.381
	=	4.34 %

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

Sakurajima Futo Kaisha, (TSE:9353) 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.

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Sakurajima Futo Kaisha, (TSE:9353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sakurajima Futo Kaisha, Ltd (TSE:9353) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Osaka Konohana-ku, Plum-Cho 1-1-11, Osaka-shi, Osaka, JPN, 554-0032

Website

http://www.sakurajima-futo.co.jp

Sakurajima Futo Kaisha, Ltd is engaged in the port transportation business in Japan. It is involved in handling cargo, such as coal, coke, raw salt, soda ash, alloyed iron, other minerals, etc.; liquid cargo, including petroleum products and petrochemicals; and frozen and refrigerated products comprising frozen food, chilled food, dry goods, etc. The company also provides barge transportation, warehousing, cargo usage transportation, and customs clearing services.

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