Hokuriku Gas Co (TSE:9537) ROCE % : -8.81% (As of Dec. 2023)

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What is Hokuriku Gas 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. Hokuriku Gas Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.81%.

Hokuriku Gas Co ROCE % Historical Data

The historical data trend for Hokuriku Gas 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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Hokuriku Gas Co ROCE % Chart

Hokuriku Gas Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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3.48

3.55

4.82

2.86

1.29

Hokuriku Gas Co 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															-12.39	14.99	7.01	-6.60	-8.81

Hokuriku Gas Co ROCE % Calculation

Hokuriku Gas Co'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 )
	=	688.551	/	( ( (63634.072 - 10302.559)	+	(63648.625 - 9862.086) )	/ 2 )
	=	688.551	/	( (53331.513	+	53786.539)	/ 2 )
	=	688.551	/	53559.026
	=	1.29 %

Hokuriku Gas 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 )
	=	-4680.584	/	( ( (60255.755 - 6660.589)	+	(62542.404 - 9828.099) )	/ 2 )
	=	-4680.584	/	( ( 53595.166	+	52714.305 )	/ 2 )
	=	-4680.584	/	53154.7355
	=	-8.81 %

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

Hokuriku Gas Co (TSE:9537) 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.

Hokuriku Gas Co ROCE % Related Terms

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Hokuriku Gas Co (TSE:9537) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hokuriku Gas Co Ltd (TSE:9537) » Definitions » ROCE %

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Address

1-2-23 Higashiodori, Chuo-ku, Niigata Prefecture, Niigata City, JPN, 950-8748

Website

http://www.hokurikugas.co.jp

Hokuriku Gas Co Ltd engages in the manufacture, supply, and sale of city gas, and gas-related equipment. It is involved in the manufacture, supply and sale of city gas, the operation of gas works, as well as the sale of gas equipment. The firm also engages in the sale of liquefied petroleum gas (LPG) and LPG equipment, the operation of LPG piping works, gas works and civil engineering works, the design, installation, maintenance, security and inspection of gas equipment, the sale, installation and meter reading of housing facilities and equipment, the leasing and management of buildings, the leasing of business equipment and vehicles, It also undertakes gas construction contracts; and sells gas appliances.

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