Kyushu Electric Power Co (TSE:9508) ROCE % : 5.01% (As of Dec. 2023)

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What is Kyushu Electric Power Co 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. Kyushu Electric Power Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.01%.

Kyushu Electric Power Co ROCE % Historical Data

The historical data trend for Kyushu Electric Power Co'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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Kyushu Electric Power Co ROCE % Chart

Kyushu Electric Power Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.80

2.06

1.21

-1.03

5.58

Kyushu Electric Power Co Quarterly Data
	Jun19	Sep19	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															5.09	9.56	9.24	5.01	-1.62

Kyushu Electric Power Co ROCE % Calculation

Kyushu Electric Power Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	253014	/	( ( (5603678 - 1135241)	+	(5727240 - 1119046) )	/ 2 )
	=	253014	/	( (4468437	+	4608194)	/ 2 )
	=	253014	/	4538315.5
	=	5.58 %

Kyushu Electric Power Co'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 )
	=	234572	/	( ( (5685624 - 1031689)	+	(5711947 - 1007182) )	/ 2 )
	=	234572	/	( ( 4653935	+	4704765 )	/ 2 )
	=	234572	/	4679350
	=	5.01 %

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

Kyushu Electric Power Co (TSE:9508) 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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Kyushu Electric Power Co (TSE:9508) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Kyushu Electric Power Co Inc (TSE:9508) » Definitions » ROCE %

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2CJ:Germany

Address

1-82, Watanabe-dori 2-chome, Chuo-ku, Fukuoka, JPN, 810-8720

Website

https://www.kyuden.co.jp

Kyushu Electric Power Co Inc supplies electricity services to Kyushu, Japan. Additionally, it operates across various smaller islands within the jurisdiction of Kyushu's prefectural government. Nuclear power generates most of the company's electricity, although it also generates electricity from hydroelectric power, geothermal, coal, oil, and natural gas. The firm owns the largest geothermal power facility in Japan. The company's segments include domestic electric power, other energy services, information and communication service, and others, which consists of a real estate business and nursing home business. The power generation segment accounts for most of the firm's revenue and is further split into the electricity energy segment.

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