Star Micronics Co (TSE:7718) ROCE % : 4.88% (As of Mar. 2024)

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What is Star Micronics 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. Star Micronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.88%.

Star Micronics Co ROCE % Historical Data

The historical data trend for Star Micronics 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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Star Micronics Co ROCE % Chart

Star Micronics Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.09

5.21

14.01

20.75

14.23

Star Micronics Co 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															24.05	16.65	11.81	4.14	4.88

Star Micronics Co ROCE % Calculation

Star Micronics Co'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 )
	=	11131.231	/	( ( (99538.631 - 25104.131)	+	(93398.545 - 11408.047) )	/ 2 )
	=	11131.231	/	( (74434.5	+	81990.498)	/ 2 )
	=	11131.231	/	78212.499
	=	14.23 %

Star Micronics Co'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 )
	=	4032.8	/	( ( (93398.545 - 11408.047)	+	(95542.544 - 12100.154) )	/ 2 )
	=	4032.8	/	( ( 81990.498	+	83442.39 )	/ 2 )
	=	4032.8	/	82716.444
	=	4.88 %

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

Star Micronics Co (TSE:7718) 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.

Star Micronics Co ROCE % Related Terms

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Star Micronics Co (TSE:7718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Star Micronics Co Ltd (TSE:7718) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

2ZN:Germany

Address

20-10 Nakayoshida, Suruga-ku, Shizuoka, JPN, 422-8654

Website

https://www.star-m.jp

Star Micronics Co Ltd is engaged in the manufacture and sale of machinery, electronic components, machine tools and precision parts. It operates with various segment namely; Special products segment which offers point-of-sale printers, Visual cards, Readers and Writers; Components segment produces and sells electronic buzzers, microphones, speakers, receivers and others; Machine Tools segment offers computer numeric control automatic lathes and others; and Precision Products segment produces and sells wristwatch parts, optical connector parts, automotive parts, medical parts and others. The company generates most of its revenue from the machine tools segment and it has business presence worldwide, including Japan, the United States, Europe, and other Asian areas.

Star Micronics Co (TSE:7718) Headlines

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