Sanshin Electronics Co (Sanshin Electronics Co) ROCE % : 9.87% (As of Dec. 2023)

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What is Sanshin Electronics 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. Sanshin Electronics Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.87%.

Sanshin Electronics Co ROCE % Historical Data

The historical data trend for Sanshin Electronics 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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Sanshin Electronics Co ROCE % Chart

Sanshin Electronics Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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4.19

5.13

4.85

9.19

17.45

Sanshin Electronics 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															16.44	18.24	8.88	17.38	9.87

Sanshin Electronics Co ROCE % Calculation

Sanshin Electronics 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 )
	=	45.712	/	( ( (614.021 - 351.079)	+	(588.048 - 327.028) )	/ 2 )
	=	45.712	/	( (262.942	+	261.02)	/ 2 )
	=	45.712	/	261.981
	=	17.45 %

Sanshin Electronics 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 )
	=	24.948	/	( ( (608.36 - 355.602)	+	(554.28 - 301.316) )	/ 2 )
	=	24.948	/	( ( 252.758	+	252.964 )	/ 2 )
	=	24.948	/	252.861
	=	9.87 %

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

Sanshin Electronics Co (OTCPK:SSNEF) 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.

Sanshin Electronics Co ROCE % Related Terms

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Sanshin Electronics Co (Sanshin Electronics Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sanshin Electronics Co Ltd (OTCPK:SSNEF) » Definitions » ROCE %

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8150:Japan

Address

4-4-12 Shiba, Minato-ku, Tokyo, JPN, 108-8404

Website

http://www.sanshin.co.jp

Sanshin Electronics Co Ltd is a Japanese based electronics trading company. It operates in two business divisions including device business and solution business. Its device business is engaged in the sales of semiconductors and electronic components for automobile, information and communications, toys and games, and social infrastructure and manufacturing industries. In solution business, it offers IT (information technology) infrastructure solution, application services, video solutions, support, and services. The company has a nationwide network in Japan, Thailand, Malaysia, Singapore, Taiwan, Hong Kong, Irvine, and Shenzhen.

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