ADTEC PLASMA TECHNOLOGY Co (TSE:6668) ROCE % : 3.58% (As of Feb. 2024)

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What is ADTEC PLASMA TECHNOLOGY 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. ADTEC PLASMA TECHNOLOGY Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 3.58%.

ADTEC PLASMA TECHNOLOGY Co ROCE % Historical Data

The historical data trend for ADTEC PLASMA TECHNOLOGY 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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ADTEC PLASMA TECHNOLOGY Co ROCE % Chart

ADTEC PLASMA TECHNOLOGY Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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8.46

12.93

14.87

28.41

15.60

ADTEC PLASMA TECHNOLOGY Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															5.82	19.80	17.69	5.43	3.58

ADTEC PLASMA TECHNOLOGY Co ROCE % Calculation

ADTEC PLASMA TECHNOLOGY Co's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	2369	/	( ( (20833 - 7737)	+	(27250 - 9967) )	/ 2 )
	=	2369	/	( (13096	+	17283)	/ 2 )
	=	2369	/	15189.5
	=	15.60 %

ADTEC PLASMA TECHNOLOGY Co's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	604	/	( ( (27059 - 10191)	+	(25959 - 9121) )	/ 2 )
	=	604	/	( ( 16868	+	16838 )	/ 2 )
	=	604	/	16853
	=	3.58 %

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

ADTEC PLASMA TECHNOLOGY Co (TSE:6668) 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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ADTEC PLASMA TECHNOLOGY Co (TSE:6668) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ADTEC PLASMA TECHNOLOGY Co Ltd (TSE:6668) » Definitions » ROCE %

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Address

6-10, 5-chome, Hikino-cho, Fukuyama City, Hiroshima, JPN, 721-0942

Website

http://www.adtec-rf.com

ADTEC PLASMA TECHNOLOGY CO., Ltd. is a Japan-based company. It is mainly engaged in the design, manufacture, and sale of radio frequency (RF) plasma generators. Products offered by the company include visual matching unit, visual matching unit, digital RF power tracer, and chamber analyzer.

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