ULVAC (TSE:6728) ROCE % : 13.41% (As of Dec. 2023)

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What is ULVAC 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. ULVAC's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.41%.

ULVAC ROCE % Historical Data

The historical data trend for ULVAC'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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ULVAC ROCE % Chart

ULVAC Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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14.98

10.84

10.38

13.12

8.74

ULVAC 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															11.59	6.74	8.34	4.80	13.41

ULVAC ROCE % Calculation

ULVAC's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	21163	/	( ( (354304 - 116762)	+	(353474 - 106754) )	/ 2 )
	=	21163	/	( (237542	+	246720)	/ 2 )
	=	21163	/	242131
	=	8.74 %

ULVAC'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 )
	=	32792	/	( ( (356493 - 115165)	+	(365639 - 117750) )	/ 2 )
	=	32792	/	( ( 241328	+	247889 )	/ 2 )
	=	32792	/	244608.5
	=	13.41 %

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

ULVAC (TSE:6728) 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.

ULVAC ROCE % Related Terms

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ULVAC (TSE:6728) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ULVAC Inc (TSE:6728) » Definitions » ROCE %

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Address

2500 Hagisono, Kanagawa, Chigasaki, JPN, 253-8543

Website

http://www.ulvac.co.jp

ULVAC Inc is a Japanese company providing solutions which incorporate equipment, materials, analysis, and services for flat panel displays, electronic components, semiconductors, and general-industry equipment. The company has two reportable segments namely Vacuum Equipment business and Vacuum Application business. Vacuum equipment business is engaged in manufacturing products such as photovoltaic-cells production equipment, sputtering equipment for semiconductor production, vacuum evaporation roll coaters, vacuum pumps and measuring equipment. Vacuum application business is engaged in making products such as sputtering target materials, control system equipment and analyzing equipment. Most of the company's revenue comes from Japan.

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