Shinozakiya (TSE:2926) ROCE % : 1.97% (As of Mar. 2024)

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What is Shinozakiya 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. Shinozakiya's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.97%.

Shinozakiya ROCE % Historical Data

The historical data trend for Shinozakiya'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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Shinozakiya ROCE % Chart

Shinozakiya Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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4.51

3.17

2.91

-6.79

-0.81

Shinozakiya 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															-3.75	0.94	-22.89	7.08	1.97

Shinozakiya ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-8.582	/	( ( (1352.642 - 271.738)	+	(1440.757 - 399.01) )	/ 2 )
	=	-8.582	/	( (1080.904	+	1041.747)	/ 2 )
	=	-8.582	/	1061.3255
	=	-0.81 %

Shinozakiya's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	20.828	/	( ( (1414.916 - 359.857)	+	(1499.314 - 443.256) )	/ 2 )
	=	20.828	/	( ( 1055.059	+	1056.058 )	/ 2 )
	=	20.828	/	1055.5585
	=	1.97 %

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

Shinozakiya (TSE:2926) 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.

Shinozakiya ROCE % Related Terms

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Shinozakiya Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shinozakiya Inc (TSE:2926) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-13-5 Sengendai-Nishi, Koshigaya, Saitama, JPN

Website

http://www.shinozakiya.com

Shinozakiya Inc is engaged in the management of retail sales and manufacturing of soybean processed food. It offers soybean-processed products, such as bean curd and soymilk. The company distributes its products through directly managed stores and franchise stores.

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