Shinyei Kaisha (TSE:3004) ROCE % : 0.00% (As of Sep. 2024)

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What is Shinyei Kaisha 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. Shinyei Kaisha's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Shinyei Kaisha ROCE % Historical Data

The historical data trend for Shinyei Kaisha'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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Shinyei Kaisha ROCE % Chart

Shinyei Kaisha Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-4.15

10.20

9.78

14.56

18.18

Shinyei Kaisha 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															22.72	18.29	20.07	11.40	-

Shinyei Kaisha ROCE % Calculation

Shinyei Kaisha'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 )
	=	2098	/	( ( (24159 - 14210)	+	(26574 - 13442) )	/ 2 )
	=	2098	/	( (9949	+	13132)	/ 2 )
	=	2098	/	11540.5
	=	18.18 %

Shinyei Kaisha'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	/	( ( (26574 - 13442)	+	(25340 - 11292) )	/ 2 )
	=	0	/	( ( 13132	+	14048 )	/ 2 )
	=	0	/	13590
	=	0.00 %

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

Shinyei Kaisha (TSE:3004) 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.

Shinyei Kaisha ROCE % Related Terms

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Shinyei Kaisha Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Shinyei Kaisha (TSE:3004) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

77-1 Kyomachi, Chuo-ku, Kobe, JPN, 651-0178

Website

http://www.shinyei.co.jp

Shinyei Kaisha is engaged in the wholesale and retail of textiles, electronics, foodstuffs, and industrial materials in Japan. The company is involved in the retail sale of apparel and fashion accessories. In addition, it procures, processes, and exports frozen and fresh vegetables, frozen processed foods, and frozen marine products; and peanuts and nuts, spices, and additives.

Shinyei Kaisha Headlines

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