Showa Manufacturing Co (FSE:5953) ROCE % : 11.89% (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

What is Showa Manufacturing 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. Showa Manufacturing Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.89%.

Showa Manufacturing Co ROCE % Historical Data

The historical data trend for Showa Manufacturing 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.

* Premium members only.

Showa Manufacturing Co ROCE % Chart

Showa Manufacturing Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

5.71

2.19

3.21

0.57

1.71

Showa Manufacturing 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															6.03	10.76	-0.94	14.44	11.89

Showa Manufacturing Co ROCE % Calculation

Showa Manufacturing 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 )
	=	140	/	( ( (14796 - 6887)	+	(15635 - 7202) )	/ 2 )
	=	140	/	( (7909	+	8433)	/ 2 )
	=	140	/	8171
	=	1.71 %

Showa Manufacturing 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 )
	=	1104	/	( ( (16280 - 6946)	+	(16547 - 7313) )	/ 2 )
	=	1104	/	( ( 9334	+	9234 )	/ 2 )
	=	1104	/	9284
	=	11.89 %

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

Showa Manufacturing Co (FSE:5953) 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.

Showa Manufacturing Co ROCE % Related Terms

Thank you for viewing the detailed overview of Showa Manufacturing Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Showa Manufacturing Co (FSE:5953) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Showa Manufacturing Co Ltd (FSE:5953) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kasaya-gun, Fukuoka prefecture, Fukuoka, JPN, 811-2101

Website

http://www.showa.co.jp

Showa Manufacturing Co Ltd manufactures and sales heat source and hot water supply products. It also provides air conditioning, environmental products, casting products, and special heat source products. Casting products include boilers which are used in jet engine parts and nuclear reactor parts, general machinery, automobiles. Special heat source product includes high-clean heat treatment furnace and ultra-thin electric heater which performs drying, baking, and annealing of PDP, LCD, OLED.

Showa Manufacturing Co (FSE:5953) Headlines

No Headlines