Shochiku Co (TSE:9601) ROCE % : 4.45% (As of Feb. 2024)

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What is Shochiku 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. Shochiku Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 4.45%.

Shochiku Co ROCE % Historical Data

The historical data trend for Shochiku 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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Shochiku Co ROCE % Chart

Shochiku Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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2.77

-6.70

-1.68

5.38

3.72

Shochiku Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-2.32	6.35	6.73	-1.99	4.45

Shochiku Co ROCE % Calculation

Shochiku Co's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	5748	/	( ( (178803 - 37561)	+	(211140 - 43516) )	/ 2 )
	=	5748	/	( (141242	+	167624)	/ 2 )
	=	5748	/	154433
	=	3.72 %

Shochiku Co's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	7248	/	( ( (199889 - 41752)	+	(211140 - 43516) )	/ 2 )
	=	7248	/	( ( 158137	+	167624 )	/ 2 )
	=	7248	/	162880.5
	=	4.45 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

Shochiku Co (TSE:9601) 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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Shochiku Co (TSE:9601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Shochiku Co Ltd (TSE:9601) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Togeki Building 4-1-1 Tsukiji, Chuo-ku, Tokyo, JPN, 104-8422

Website

http://www.shochiku.co.jp

Shochiku Co Ltd is a diversified media company that primarily operates in the film and production industry. The company has four business segments, which include motion picture, theatre, real estate, and other. The motion picture business produces and distributes television and feature film content. Additionally, the company licenses content domestically and internationally. The theatre segment plans, produces, and promotes kabuki presentations. The real estate business segment owns and leases development properties. The other business largely focuses on merchandise sales. The company earns the vast majority of its revenue in Japan.

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