Shinko Electric Industries Co (STU:SKS) ROCE % : 11.00% (As of Mar. 2024)

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What is Shinko Electric Industries 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. Shinko Electric Industries Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.00%.

Shinko Electric Industries Co ROCE % Historical Data

The historical data trend for Shinko Electric Industries 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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Shinko Electric Industries Co ROCE % Chart

Shinko Electric Industries Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.84

16.51

41.26

32.46

9.36

Shinko Electric Industries 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															8.68	7.97	12.61	7.86	11.00

Shinko Electric Industries Co ROCE % Calculation

Shinko Electric Industries Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	159.549	/	( ( (2703.761 - 933.166)	+	(2417.924 - 779.545) )	/ 2 )
	=	159.549	/	( (1770.595	+	1638.379)	/ 2 )
	=	159.549	/	1704.487
	=	9.36 %

Shinko Electric Industries 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 )
	=	181.52	/	( ( (2408.523 - 746.171)	+	(2417.924 - 779.545) )	/ 2 )
	=	181.52	/	( ( 1662.352	+	1638.379 )	/ 2 )
	=	181.52	/	1650.3655
	=	11.00 %

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

Shinko Electric Industries Co (STU:SKS) 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.

Shinko Electric Industries Co ROCE % Related Terms

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Shinko Electric Industries Co (STU:SKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shinko Electric Industries Co Ltd (STU:SKS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6967:Japan SKS:Germany

Address

80, Oshimada-machi, Nagano-shi, Nagano, JPN, 381-2287

Website

http://www.shinko.co.jp

Shinko Electric Industries Co Ltd is an integrated manufacturer of semiconductor packages. It houses eight core technologies that include hermetic seal technology, ceramic technology, multilayer build-up technology, integrated circuit assembly technology, and many others. Integrated circuit packages are the leading revenue generator, but hermetic seal tech is the traditional offering from Shinko. It connects glass and ceramics to various metals and is used in areas such as semiconductor lasers, and sensors for in-car use. The company also produces simulation technology that encompasses signal and power integrity of high-speed transmission lines and other solutions needed for high-performance semiconductor packages. Offices are located globally to serve a host of different industries.

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