Sincere Co (TSE:7782) ROCE % : 11.52% (As of Dec. 2023)

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What is Sincere 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. Sincere Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.52%.

Sincere Co ROCE % Historical Data

The historical data trend for Sincere 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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Sincere Co ROCE % Chart

Sincere Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.99

10.19

5.29

4.60

15.44

Sincere 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															-13.40	18.49	18.87	15.41	11.52

Sincere Co ROCE % Calculation

Sincere 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 )
	=	455.197	/	( ( (3576.837 - 963.574)	+	(5400.072 - 2118.416) )	/ 2 )
	=	455.197	/	( (2613.263	+	3281.656)	/ 2 )
	=	455.197	/	2947.4595
	=	15.44 %

Sincere 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 )
	=	363.412	/	( ( (5237.397 - 2211.331)	+	(5400.072 - 2118.416) )	/ 2 )
	=	363.412	/	( ( 3026.066	+	3281.656 )	/ 2 )
	=	363.412	/	3153.861
	=	11.52 %

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

Sincere Co (TSE:7782) 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.

Sincere Co ROCE % Related Terms

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Sincere Co (TSE:7782) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sincere Co Ltd (TSE:7782) » Definitions » ROCE %

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Address

30-1, Nihonbashi hakozaki cho, Tama building Nihonbashi Hakozaki, 10th Floor, Chuo-ku, Tokyo, JPN, 103-0015

Website

http://www.sincere-vision.com

Sincere Co Ltd is a Japanese firm engaged in the manufacturing and sale of contact lens. It offers daily disposable malleable contact lens, color contact lens, and conventional disposable soft contact lens.

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