Helios Techno Holding Co (TSE:6927) ROCE % : 5.89% (As of Dec. 2023)

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What is Helios Techno Holding 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. Helios Techno Holding Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.89%.

Helios Techno Holding Co ROCE % Historical Data

The historical data trend for Helios Techno Holding 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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Helios Techno Holding Co ROCE % Chart

Helios Techno Holding Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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19.04

5.61

4.28

4.08

2.97

Helios Techno Holding Co 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															-2.89	0.23	19.97	25.05	5.89

Helios Techno Holding Co ROCE % Calculation

Helios Techno Holding 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 )
	=	439.797	/	( ( (15953.977 - 1963.102)	+	(17639.438 - 2008.81) )	/ 2 )
	=	439.797	/	( (13990.875	+	15630.628)	/ 2 )
	=	439.797	/	14810.7515
	=	2.97 %

Helios Techno Holding 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 )
	=	908.184	/	( ( (17732.243 - 2382.875)	+	(19091.329 - 3604.664) )	/ 2 )
	=	908.184	/	( ( 15349.368	+	15486.665 )	/ 2 )
	=	908.184	/	15418.0165
	=	5.89 %

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

Helios Techno Holding Co (TSE:6927) 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.

Helios Techno Holding Co ROCE % Related Terms

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Helios Techno Holding Co (TSE:6927) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Helios Techno Holding Co Ltd (TSE:6927) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

4-9 Nihonbashi Kodenmacho, Chuo-ku, Kodenmacho Shin Nihonbashi Building, 9th Floor, Tokyo, JPN, 679-2122

Website

https://www.heliostec-hd.co.jp

Helios Techno Holdings Co Ltd manufactures and sells lamps for projectors, halogen lamps for general lighting, and LED lamps; equipment, such as orientation film printing devices and specialized printers; and industrial equipment, as well as testing and measuring equipment. It also provides human resource placement and business contracting services for technological, general manufacturing, and other companies.

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