Sasakura Engineering Co (TSE:6303) ROCE % : -2.26% (As of Sep. 2022)

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What is Sasakura Engineering 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. Sasakura Engineering Co's annualized ROCE % for the quarter that ended in Sep. 2022 was -2.26%.

Sasakura Engineering Co ROCE % Historical Data

The historical data trend for Sasakura Engineering 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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Sasakura Engineering Co ROCE % Chart

Sasakura Engineering Co Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

ROCE %

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-1.23

7.08

1.79

3.48

3.30

Sasakura Engineering Co Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial															1.71	1.08	8.04	2.60	-2.26

Sasakura Engineering Co ROCE % Calculation

Sasakura Engineering Co's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	803	/	( ( (28634 - 4427)	+	(30112 - 5593) )	/ 2 )
	=	803	/	( (24207	+	24519)	/ 2 )
	=	803	/	24363
	=	3.30 %

Sasakura Engineering Co's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	-540	/	( ( (31227 - 7412)	+	(32569 - 8696) )	/ 2 )
	=	-540	/	( ( 23815	+	23873 )	/ 2 )
	=	-540	/	23844
	=	-2.26 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

Sasakura Engineering Co (TSE:6303) 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.

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Sasakura Engineering Co (TSE:6303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sasakura Engineering Co Ltd (TSE:6303) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

7-32 Takejima 4-chome, Nishiyodogawa-ku, Osaka, JPN, 555-0011

Website

http://www.sasakura.co.jp

Sasakura Engineering Co., Ltd is engaged in research and development of marine equipment, desalination plants, air-cooled heat exchangers and other environmental protection devices.

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