Senshu Electric Co (TSE:9824) ROCE % : 21.28% (As of Jan. 2024)

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What is Senshu Electric 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. Senshu Electric Co's annualized ROCE % for the quarter that ended in Jan. 2024 was 21.28%.

Senshu Electric Co ROCE % Historical Data

The historical data trend for Senshu Electric 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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Senshu Electric Co ROCE % Chart

Senshu Electric Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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9.61

7.99

11.52

16.59

17.01

Senshu Electric Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															18.18	17.47	16.62	16.04	21.28

Senshu Electric Co ROCE % Calculation

Senshu Electric Co's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	8769	/	( ( (95381 - 45922)	+	(101367 - 47713) )	/ 2 )
	=	8769	/	( (49459	+	53654)	/ 2 )
	=	8769	/	51556.5
	=	17.01 %

Senshu Electric Co's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	11488	/	( ( (101367 - 47713)	+	(102788 - 48464) )	/ 2 )
	=	11488	/	( ( 53654	+	54324 )	/ 2 )
	=	11488	/	53989
	=	21.28 %

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

Senshu Electric Co (TSE:9824) 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.

Senshu Electric Co ROCE % Related Terms

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Senshu Electric Co (TSE:9824) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Senshu Electric Co Ltd (TSE:9824) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

1-chome 4 no. 21, Minami- Kaneda, Suita-shi, Osaka, JPN, 564-0044

Website

http://www.senden.co.jp

Senshu Electric Co Ltd engages in the wholesale business of electric wires and other electrical equipment. Its products include wires and cables, electronic restraints, information-related equipment, tapes, conduits, heating units, fan motors, delay lines, air cleaners, telecommunication systems, air conditioning equipment, household electrical appliances, office equipment and others. It also provides installation services; real estate rental business; management and operation of power generation business; and other businesses related to the sale and purchase of electricity.

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