Shibaura Machine Co (FRA:TOA) ROCE % : 5.43% (As of Dec. 2023)

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What is Shibaura Machine 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. Shibaura Machine Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.43%.

Shibaura Machine Co ROCE % Historical Data

The historical data trend for Shibaura Machine 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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Shibaura Machine Co ROCE % Chart

Shibaura Machine Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.16

0.34

4.36

6.58

21.77

Shibaura Machine 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															16.50	13.58	59.14	5.43	13.03

Shibaura Machine Co ROCE % Calculation

Shibaura Machine 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 )
	=	156.724	/	( ( (1433.168 - 747.686)	+	(1554.668 - 800.319) )	/ 2 )
	=	156.724	/	( (685.482	+	754.349)	/ 2 )
	=	156.724	/	719.9155
	=	21.77 %

Shibaura Machine 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 )
	=	40.38	/	( ( (1471.105 - 725.308)	+	(1581.691 - 840.755) )	/ 2 )
	=	40.38	/	( ( 745.797	+	740.936 )	/ 2 )
	=	40.38	/	743.3665
	=	5.43 %

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

Shibaura Machine Co (FRA:TOA) 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.

Shibaura Machine Co ROCE % Related Terms

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Shibaura Machine Co (FRA:TOA) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shibaura Machine Co Ltd (FRA:TOA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6104:Japan

Address

2068-3 Ooka, Shizuoka Prefecture, Numazu, JPN, 410-8510

Website

http://www.toshiba-machine.co.jp

Shibaura Machine is engaged in manufacturing and distribution of molding machineries and machine tools. The business of the company is divided into two segments: molding machinery and machine tools. The company's product portfolio comprises injection molding machines, die-casting machines, plastic extrusion, large-size machine tools, portal-type machine tools, machining centers, horizontal boring machines, and high-precision machines, among others. The company's products are used in manufacturing of computers, automobile engines, transmissions, medical products, high-precision lenses, displays, construction machines, and wind power generation. A vast majority of the company's revenue is generated by the molding machinery segment, and the company earns most of its revenue in Japan.

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