Sanix (TSE:4651) ROCE % : 21.28% (As of Dec. 2023)

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What is Sanix 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. Sanix's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.28%.

Sanix ROCE % Historical Data

The historical data trend for Sanix'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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Sanix ROCE % Chart

Sanix Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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30.41

17.02

-19.62

12.16

20.45

Sanix 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															16.01	3.19	30.58	21.28	27.09

Sanix ROCE % Calculation

Sanix'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 )
	=	3698	/	( ( (33586 - 16382)	+	(36965 - 18010) )	/ 2 )
	=	3698	/	( (17204	+	18955)	/ 2 )
	=	3698	/	18079.5
	=	20.45 %

Sanix'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 )
	=	3848	/	( ( (35252 - 17491)	+	(35167 - 16767) )	/ 2 )
	=	3848	/	( ( 17761	+	18400 )	/ 2 )
	=	3848	/	18080.5
	=	21.28 %

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

Sanix (TSE:4651) 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.

Sanix ROCE % Related Terms

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Sanix (TSE:4651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Sanix Inc (TSE:4651) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1-23, Hakataeki-Higashi, Hakata-ku, Fukuoka, JPN, 812-0013

Website

https://www.sanix.jp

Sanix Inc is engaged in developing and implementing sanitation management works. The company converts industrial waste plastics into fuel, which are used for generating electricity at Tomakomai Power Plant and others around Japan. It operates in five divisions namely, Solar Engineering that installs PV systems on idle land and rooftops of buildings and factories; Establishment Sanitation that provides total sanitation management and maintenance of water supply systems and pest control for food processing plants and restaurants; Home Sanitation that protects wooden residential houses from decay by moisture caused by humidity or flooding, and from pests like termites and mould; Energy Business Division and Environmental Resources Development.

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