Sanyo Special Steel Co (TSE:5481) ROCE % : 3.33% (As of Dec. 2023)

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What is Sanyo Special Steel 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. Sanyo Special Steel Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.33%.

Sanyo Special Steel Co ROCE % Historical Data

The historical data trend for Sanyo Special Steel 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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Sanyo Special Steel Co ROCE % Chart

Sanyo Special Steel Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-1.02

-3.88

9.24

11.57

5.97

Sanyo Special Steel 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															12.09	10.12	3.41	3.33	7.07

Sanyo Special Steel Co ROCE % Calculation

Sanyo Special Steel 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 )
	=	15408	/	( ( (401218 - 147391)	+	(398706 - 136694) )	/ 2 )
	=	15408	/	( (253827	+	262012)	/ 2 )
	=	15408	/	257919.5
	=	5.97 %

Sanyo Special Steel 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 )
	=	8628	/	( ( (403775 - 141145)	+	(396952 - 141408) )	/ 2 )
	=	8628	/	( ( 262630	+	255544 )	/ 2 )
	=	8628	/	259087
	=	3.33 %

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

Sanyo Special Steel Co (TSE:5481) 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.

Sanyo Special Steel Co ROCE % Related Terms

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Sanyo Special Steel Co (TSE:5481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Sanyo Special Steel Co Ltd (TSE:5481) » Definitions » ROCE %

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Address

3007 Nakashima, Shikama-Ku, Himeji, Hyogo-ken, JPN, 672-8677

Website

http://www.sanyo-steel.co.jp

Sanyo Special Steel Co Ltd is a Japan-based company that primarily operates through three segments. Its specialty steel segment manufactures and sells various special steel products including bearing steel, engineering steel, stainless steel, heat resistant steel and tool steel. The company's special materials segment manufactures and sells heat-/corrosion-resistant alloys and powder metallurgy products, among others. The formed and fabricated materials segment manufactures high-quality formed and fabricated materials. The company's products are used in automobiles, industrial machinery, railways, and wind-power generation equipment. Japan and Asia excluding Japan are the company's top two markets, jointly accounting for the majority of the company's sales.

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