Siix (TSE:7613) ROCE % : 6.92% (As of Mar. 2024)

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What is Siix 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. Siix's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.92%.

Siix ROCE % Historical Data

The historical data trend for Siix'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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Siix ROCE % Chart

Siix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.23

3.94

7.12

8.84

11.27

Siix 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															11.01	11.76	12.22	9.80	6.92

Siix ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	13337	/	( ( (205170 - 96598)	+	(216838 - 88653) )	/ 2 )
	=	13337	/	( (108572	+	128185)	/ 2 )
	=	13337	/	118378.5
	=	11.27 %

Siix's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	9016	/	( ( (216838 - 88653)	+	(222214 - 89662) )	/ 2 )
	=	9016	/	( ( 128185	+	132552 )	/ 2 )
	=	9016	/	130368.5
	=	6.92 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Siix (TSE:7613) 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.

Siix ROCE % Related Terms

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Siix (TSE:7613) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Siix Corp (TSE:7613) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-49 Bigocho, Chuo-ku, Osaka, JPN, 541-0051

Website

http://www.siix.co.jp

Siix Corp is an electronic components company that creates parts and devices. The company has five business segments, four of which are classified by region, instead of product type. These segments include Electronics (Japan), Electronic (Asia), Electronics (Europe), Electronics (Americas), and Others. The Electronics business segments sell electronic circuits, liquid crystal displays, home appliances, audio devices, automobile equipment, and industrial equipment. The Other business segment sells a variety of miscellaneous devices such as motorcycle components and wire harnesses. The company's largest business segment is its Electronic (Asia) segment; however, by country, it generates the vast majority of its revenue in Japan.

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