Electric Power Development Co (TSE:9513) ROCE % : 6.54% (As of Dec. 2023)

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What is Electric Power Development 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. Electric Power Development Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.54%.

Electric Power Development Co ROCE % Historical Data

The historical data trend for Electric Power Development 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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Electric Power Development Co ROCE % Chart

Electric Power Development Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.70

3.49

3.65

7.03

4.89

Electric Power Development 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															2.66	4.66	3.04	6.54	5.29

Electric Power Development Co ROCE % Calculation

Electric Power Development 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 )
	=	149472	/	( ( (3362685 - 372017)	+	(3475749 - 349255) )	/ 2 )
	=	149472	/	( (2990668	+	3126494)	/ 2 )
	=	149472	/	3058581
	=	4.89 %

Electric Power Development 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 )
	=	201088	/	( ( (3448992 - 380154)	+	(3462713 - 378434) )	/ 2 )
	=	201088	/	( ( 3068838	+	3084279 )	/ 2 )
	=	201088	/	3076558.5
	=	6.54 %

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

Electric Power Development Co (TSE:9513) 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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Electric Power Development Co (TSE:9513) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Electric Power Development Co Ltd (TSE:9513) » Definitions » ROCE %

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EPWDF:USA

Address

15-1,Ginza 6-Chome, Chuo-ku, Tokyo, JPN, 104-8165

Website

http://www.jpower.co.jp

Electric Power Development Co., Ltd. which operates under the brand J-POWER, is a Japanese electric utility company involved in the generation, transmission, distribution, and retail sale of energy. The company operates a portfolio of hydroelectric, wind, nuclear, geothermal, and thermal power plants located primarily throughout Japan, but also elsewhere in Southeast Asia and North America. While most of Electric Power Development's power generating facilities are hydroelectric, the company's total electric power production can be divided fairly evenly between its thermal and hydroelectric sites. Electric Power Development generates almost all of its revenue from its electric utility operations, which primarily comprise the sale of energy from its thermal power plants.

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