Sumitomo Seika Chemicals Co (TSE:4008) ROCE % : 8.94% (As of Dec. 2023)

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What is Sumitomo Seika Chemicals 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. Sumitomo Seika Chemicals Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.94%.

Sumitomo Seika Chemicals Co ROCE % Historical Data

The historical data trend for Sumitomo Seika Chemicals 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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Sumitomo Seika Chemicals Co ROCE % Chart

Sumitomo Seika Chemicals Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.27

12.98

10.60

13.41

9.85

Sumitomo Seika Chemicals Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.85	4.91	14.34	8.94	11.02

Sumitomo Seika Chemicals Co ROCE % Calculation

Sumitomo Seika Chemicals Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	9119	/	( ( (126651 - 38354)	+	(136305 - 39519) )	/ 2 )
	=	9119	/	( (88297	+	96786)	/ 2 )
	=	9119	/	92541.5
	=	9.85 %

Sumitomo Seika Chemicals 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 )
	=	8360	/	( ( (134757 - 40182)	+	(133208 - 40839) )	/ 2 )
	=	8360	/	( ( 94575	+	92369 )	/ 2 )
	=	8360	/	93472
	=	8.94 %

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

Sumitomo Seika Chemicals Co (TSE:4008) 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.

Sumitomo Seika Chemicals Co ROCE % Related Terms

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Sumitomo Seika Chemicals Co (TSE:4008) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sumitomo Seika Chemicals Co Ltd (TSE:4008) » Definitions » ROCE %

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Address

1-13-5 Kudankita, Chiyoda-ku, Tokyo, JPN, 102-0073

Website

https://www.sumitomoseika.co.jp/

Sumitomo Seika Chemicals manufactures and sells chemicals and chemical-based products in three segments based on product type. The superabsorbent-polymers segment, which generates the majority of revenue, sells diapers, sanitary napkins, water repellent tape for power and optical cables, and sodium polyacrylate products used as a water-retention agent for agricultural and horticultural use. The chemicals segment sells plastic polymers, latex, and chemical additives used in the production of lithium-ion batteries and pharmaceuticals. The gases segment sells gases for industrial use, which includes electronics production, as well as aerosol propellant gas and nitrous oxide.

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