SUMCO (TSE:3436) ROCE % : 4.30% (As of Dec. 2023)

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What is SUMCO 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. SUMCO's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.30%.

SUMCO ROCE % Historical Data

The historical data trend for SUMCO'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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SUMCO ROCE % Chart

SUMCO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.41

7.41

8.98

16.06

11.70

SUMCO 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															15.40	25.61	10.92	7.78	4.30

SUMCO ROCE % Calculation

SUMCO's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	93850	/	( ( (892555 - 157235)	+	(1073087 - 204529) )	/ 2 )
	=	93850	/	( (735320	+	868558)	/ 2 )
	=	93850	/	801939
	=	11.70 %

SUMCO'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 )
	=	36160	/	( ( (1029941 - 217729)	+	(1073087 - 204529) )	/ 2 )
	=	36160	/	( ( 812212	+	868558 )	/ 2 )
	=	36160	/	840385
	=	4.30 %

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

SUMCO (TSE:3436) 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.

SUMCO ROCE % Related Terms

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SUMCO (TSE:3436) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SUMCO Corp (TSE:3436) » Definitions » ROCE %

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SUOPY:USA SUMCF:USA S3X:Germany

Address

1-2-1 Shibaura, Seavans North, Minato-ku, Tokyo, JPN, 105-8634

Website

http://www.sumcosi.com

Founded in 1999 as a joint venture between Nippon Steel and two Mitsubishi entities, Sumco is the world's second-largest semiconductor-grade silicon wafer manufacturer, with 22% market share in 2022. Sumco is headquartered in Tokyo and operates seven production sites across Japan. It also maintains sales and support offices in Taiwan, the U.S., the U.K., Indonesia, and Singapore. Sumco sells to most semiconductor manufacturers like TSMC, Intel, Samsung and Micron. The firm employs over 9,000 people.

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