Ferrotec Holdings (TSE:6890) ROCE % : 9.49% (As of Dec. 2023)

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What is Ferrotec Holdings 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. Ferrotec Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.49%.

Ferrotec Holdings ROCE % Historical Data

The historical data trend for Ferrotec Holdings'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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Ferrotec Holdings ROCE % Chart

Ferrotec Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.20

10.34

21.92

17.43

8.13

Ferrotec Holdings 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															9.56	9.31	9.03	9.49	3.46

Ferrotec Holdings ROCE % Calculation

Ferrotec Holdings'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 )
	=	27932	/	( ( (410648 - 111294)	+	(510026 - 122148) )	/ 2 )
	=	27932	/	( (299354	+	387878)	/ 2 )
	=	27932	/	343616
	=	8.13 %

Ferrotec Holdings'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 )
	=	35924	/	( ( (476576 - 112569)	+	(508676 - 115491) )	/ 2 )
	=	35924	/	( ( 364007	+	393185 )	/ 2 )
	=	35924	/	378596
	=	9.49 %

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

Ferrotec Holdings (TSE:6890) 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.

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Ferrotec Holdings (TSE:6890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ferrotec Holdings Corp (TSE:6890) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FER:Germany

Address

2-3-4 Nihonbashi, Chuo-ku, Nihonbashi Plaza Building, Tokyo, JPN, 103-0027

Website

http://www.ferrotec.co.jp

Ferrotec Holdings Corp is a manufacturer of semiconductor equipment related products. The company operates through four business segments. Its Electronic device segment manufactures thermo-electric modules, ferrofluid, and power semiconductor substrate. The Equipment-related segment is engaged in the production and sale of vacuum seal, quartz products, ceramics and silicon products, silicon parts, and wafer products. Its Photovoltaic segment is involved in the formation of silicon crystal equipment, quartz crucible, and silicon for the solar cell. The company's Other segment comprises of laundry and other related industrial equipment.

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