Kubota (WAR:KUB) ROCE % : 89.83% (As of Sep. 2023)

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What is Kubota 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. Kubota's annualized ROCE % for the quarter that ended in Sep. 2023 was 89.83%.

Kubota ROCE % Historical Data

The historical data trend for Kubota'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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Kubota ROCE % Chart

Kubota Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

31.30

40.15

46.38

Kubota Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial					69.16	12.78	0.21	1.30	89.83

Kubota ROCE % Calculation

Kubota's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1.018	/	( ( (5.025 - 4.392)	+	(4.994 - 1.237) )	/ 2 )
	=	1.018	/	( (0.633	+	3.757)	/ 2 )
	=	1.018	/	2.195
	=	46.38 %

Kubota's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	5.024	/	( ( (7.422 - 2.427)	+	(7.967 - 1.777) )	/ 2 )
	=	5.024	/	( ( 4.995	+	6.19 )	/ 2 )
	=	5.024	/	5.5925
	=	89.83 %

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

Kubota (WAR:KUB) 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.

Kubota ROCE % Related Terms

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Kubota (WAR:KUB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kubota SA (WAR:KUB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Street Traktorowa 128/14, Lodz, POL, 91-204

Website

https://www.kubotastore.pl

Kubota SA is a polish footwear and clothing company. It is engaged in the retail and wholesale segment of footwear, clothing, and accessories.

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