Shikino High-Tech CO (TSE:6614) ROCE % : 18.48% (As of Dec. 2023)

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What is Shikino High-Tech 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. Shikino High-Tech CO's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.48%.

Shikino High-Tech CO ROCE % Historical Data

The historical data trend for Shikino High-Tech 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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Shikino High-Tech CO ROCE % Chart

Shikino High-Tech CO Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

12.52

11.15

10.70

16.87

20.67

Shikino High-Tech CO Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial										38.24	9.69	20.52	22.37	18.48

Shikino High-Tech CO ROCE % Calculation

Shikino High-Tech 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 )
	=	618.259	/	( ( (4094.472 - 1397.374)	+	(5180.594 - 1894.654) )	/ 2 )
	=	618.259	/	( (2697.098	+	3285.94)	/ 2 )
	=	618.259	/	2991.519
	=	20.67 %

Shikino High-Tech 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 )
	=	658.4	/	( ( (5283.796 - 1841.941)	+	(5669.494 - 1985.357) )	/ 2 )
	=	658.4	/	( ( 3441.855	+	3684.137 )	/ 2 )
	=	658.4	/	3562.996
	=	18.48 %

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

Shikino High-Tech CO (TSE:6614) 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.

Shikino High-Tech CO ROCE % Related Terms

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Shikino High-Tech CO (TSE:6614) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shikino High-Tech CO Ltd (TSE:6614) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

829 Kichijima, Toyama Prefecture, Uozu-shi, JPN, 937-0041

Website

https://www.shikino.co.jp

Shikino High-Tech CO Ltd is engaged in the electronics system business, microelectronics business and product development business which include the camera business.

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