Shin Nippon Air Technologies Co (TSE:1952) ROCE % : 0.00% (As of Sep. 2024)

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What is Shin Nippon Air Technologies 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. Shin Nippon Air Technologies Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Shin Nippon Air Technologies Co ROCE % Historical Data

The historical data trend for Shin Nippon Air Technologies 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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Shin Nippon Air Technologies Co ROCE % Chart

Shin Nippon Air Technologies Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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14.98

13.02

14.45

13.58

15.77

Shin Nippon Air Technologies Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															4.78	6.42	27.52	25.36	-

Shin Nippon Air Technologies Co ROCE % Calculation

Shin Nippon Air Technologies 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 )
	=	10222	/	( ( (109146 - 48618)	+	(117351 - 48226) )	/ 2 )
	=	10222	/	( (60528	+	69125)	/ 2 )
	=	10222	/	64826.5
	=	15.77 %

Shin Nippon Air Technologies Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	0	/	( ( (117351 - 48226)	+	(98213 - 27485) )	/ 2 )
	=	0	/	( ( 69125	+	70728 )	/ 2 )
	=	0	/	69926.5
	=	0.00 %

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

Shin Nippon Air Technologies Co (TSE:1952) 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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Shin Nippon Air Technologies Co Business Description

Industry

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Address

2-31-1 Nihonbashi Hamacho, Hamacho Center Building, Chuo-ku, Tokyo, JPN, 103-0007

Website

http://www.snk.co.jp

Shin Nippon Air Technologies Co Ltd engages in the design, installation, management, and contract work for air conditioning systems, ventilation, environmental protection, temperature and humidity adjustment, dust removal, disinfection, water supply and drainage, sanitation equipment, and electrical equipment.

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