Saibu Gas Holdings Co (TSE:9536) ROCE % : 0.15% (As of Dec. 2023)

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What is Saibu Gas Holdings 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. Saibu Gas Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.15%.

Saibu Gas Holdings Co ROCE % Historical Data

The historical data trend for Saibu Gas Holdings 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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Saibu Gas Holdings Co ROCE % Chart

Saibu Gas Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.17

1.87

0.70

6.39

3.49

Saibu Gas Holdings 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															10.01	5.32	-0.27	0.15	8.76

Saibu Gas Holdings Co ROCE % Calculation

Saibu Gas Holdings 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 )
	=	11001	/	( ( (414268 - 107205)	+	(431703 - 108812) )	/ 2 )
	=	11001	/	( (307063	+	322891)	/ 2 )
	=	11001	/	314977
	=	3.49 %

Saibu Gas Holdings 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 )
	=	464	/	( ( (418226 - 103689)	+	(421778 - 105787) )	/ 2 )
	=	464	/	( ( 314537	+	315991 )	/ 2 )
	=	464	/	315264
	=	0.15 %

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

Saibu Gas Holdings Co (TSE:9536) 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.

Saibu Gas Holdings Co ROCE % Related Terms

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Saibu Gas Holdings Co (TSE:9536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Saibu Gas Holdings Co Ltd (TSE:9536) » Definitions » ROCE %

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Traded in Other Exchanges

XSG:Germany

Address

1-17-1 Chiyo Hakata-ku, Fukuoka-shi, JPN

Website

http://www.saibugas.co.jp

Saibu Gas Holdings Co Ltd is a Japanese natural gas utility that produces, supplies, and sells natural gas and petroleum products. The company segments its operations into gas, liquefied petroleum gas, real estate, and "other" business units. The company primarily distributes and sells natural gas and LPG in the Fukuoka and Kitakyushu areas in the northern part of the Japanese island of Kyushu. Saibu sells gas and liquefied natural gas products to a variety of utility and industrial customers through long-term agreements. The company also is involved in the heating, gas equipment, and photovoltaic power generation business through its other activities.

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