Sekisui Chemical Co (TSE:4204) ROCE % : 10.89% (As of Mar. 2024)

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What is Sekisui Chemical 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. Sekisui Chemical Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.89%.

Sekisui Chemical Co ROCE % Historical Data

The historical data trend for Sekisui Chemical 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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Sekisui Chemical Co ROCE % Chart

Sekisui Chemical Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.38

7.81

8.13

11.34

11.98

Sekisui Chemical 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															11.98	15.88	12.92	9.15	10.89

Sekisui Chemical Co ROCE % Calculation

Sekisui Chemical 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 )
	=	112582	/	( ( (1228131 - 327978)	+	(1323243 - 344597) )	/ 2 )
	=	112582	/	( (900153	+	978646)	/ 2 )
	=	112582	/	939399.5
	=	11.98 %

Sekisui Chemical Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	103420	/	( ( (1252474 - 332102)	+	(1323243 - 344597) )	/ 2 )
	=	103420	/	( ( 920372	+	978646 )	/ 2 )
	=	103420	/	949509
	=	10.89 %

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

Sekisui Chemical Co (TSE:4204) 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.

Sekisui Chemical Co ROCE % Related Terms

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Sekisui Chemical Co (TSE:4204) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sekisui Chemical Co Ltd (TSE:4204) » Definitions » ROCE %

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SKSUY:USA SKSUF:USA SUI:Germany

Address

4-4, Nishitenma 2-Chome, Kita-ku, Osaka, JPN, 530-8565

Website

http://www.sekisui.co.jp

Sekisui Chemical Co., Ltd. is a Japanese diversified holding company that owns a high-performance-plastics company, a residential construction company, and an urban infrastructure company. The plastics part of the business focuses on the production of materials for electronics, transportation, and buildings. The residential construction segment builds single-family and multiunit housing in Japan. The company's unit construction method allows prebuilt modular components to be assembled at various plants, which reduces construction time on-site. Sekisui's urban infrastructure products and industrial piping are used in mass transit and buildings. High-performance plastics and residential construction account for the majority of the company's revenue.

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