Sundrug Co (TSE:9989) ROCE % : 19.83% (As of Dec. 2023)

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What is Sundrug 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. Sundrug Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.83%.

Sundrug Co ROCE % Historical Data

The historical data trend for Sundrug 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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Sundrug Co ROCE % Chart

Sundrug Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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20.70

18.66

18.26

15.65

15.82

Sundrug 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															18.59	13.17	16.24	16.71	19.83

Sundrug Co ROCE % Calculation

Sundrug 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 )
	=	37746	/	( ( (325768 - 96045)	+	(360672 - 113249) )	/ 2 )
	=	37746	/	( (229723	+	247423)	/ 2 )
	=	37746	/	238573
	=	15.82 %

Sundrug 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 )
	=	50972	/	( ( (369884 - 113985)	+	(376600 - 118506) )	/ 2 )
	=	50972	/	( ( 255899	+	258094 )	/ 2 )
	=	50972	/	256996.5
	=	19.83 %

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

Sundrug Co (TSE:9989) 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.

Sundrug Co ROCE % Related Terms

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Sundrug Co (TSE:9989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Sundrug Co Ltd (TSE:9989) » Definitions » ROCE %

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SDGCF:USA

Address

1-38-1 Wakamatsu-cho, Fuchu-shi, Tokyo, JPN, 183-0005

Website

http://www.sundrug.co.jp

Sundrug Co Ltd is a Japanese based company engaged in the operations and management of drugstores. Its activities are divided into business divisions including Drugstore business, Dispensing pharmacy business, and Discount store business. The company also offers necessities such as foods, cosmetics, household appliances, clothing items, car goods, sports and leisure goods, alcoholic beverages, kerosene through its discount store Direx.

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