Sanyo Shokai (TSE:8011) ROCE % : 9.57% (As of Nov. 2023)

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What is Sanyo Shokai 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. Sanyo Shokai's annualized ROCE % for the quarter that ended in Nov. 2023 was 9.57%.

Sanyo Shokai ROCE % Historical Data

The historical data trend for Sanyo Shokai'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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Sanyo Shokai ROCE % Chart

Sanyo Shokai Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Feb21

Feb22

Feb23

ROCE %

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-1.23

-2.77

-11.84

2.06

3.66

Sanyo Shokai Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															13.06	3.08	10.06	-2.41	9.57

Sanyo Shokai ROCE % Calculation

Sanyo Shokai's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	1446	/	( ( (51629 - 14242)	+	(54413 - 12738) )	/ 2 )
	=	1446	/	( (37387	+	41675)	/ 2 )
	=	1446	/	39531
	=	3.66 %

Sanyo Shokai's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	4224	/	( ( (54530 - 11313)	+	(57157 - 12090) )	/ 2 )
	=	4224	/	( ( 43217	+	45067 )	/ 2 )
	=	4224	/	44142
	=	9.57 %

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

Sanyo Shokai (TSE:8011) 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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Sanyo Shokai (TSE:8011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sanyo Shokai Ltd (TSE:8011) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

6-14 Honshiocho, Shinjuku-ku, Tokyo, JPN, 160-0003

Website

https://www.sanyo-shokai.co.jp

Sanyo Shokai Ltd is a Japan-based company, engages in the manufacture and sale of textile products. It is involved in the business of manufacturing and sale of men's clothing, ladies and accessories sales of products at department stores, specialty shops, directly managed stores nationwide. It is also engaged in the business of the lease and rent of real estate properties.

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