Shinden Hightex (TSE:3131) ROCE %: 11.29% (As of Mar. 2026)

What is Shinden Hightex ROCE %?

Shinden Hightex TSE:3131 +1.96% 60 ROCE % is 11.29% as of Mar. 2026. GuruFocus rates TSE:3131 with a GF Score™ of 60/100 and a GF Value™ of 円2,878.93 (Modestly Overvalued). The stock has 8 warning signs investors should review.

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. Shinden Hightex's annualized ROCE % for the quarter that ended in Mar. 2026 was 11.29%.

Shinden Hightex (TSE:3131) 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.

Shinden Hightex ROCE % Related Terms

Shinden Hightex ROCE % Historical Data

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The historical data trend for Shinden Hightex'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.

Shinden Hightex ROCE % Chart

Shinden Hightex Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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15.74

21.86

12.09

18.92

11.26

Shinden Hightex Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
ROCE %	Get a 7-Day Free Trial															23.80	18.87	19.40	11.12	11.29

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Shinden Hightex Corp TSE:3131

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Shinden Hightex ROCE % Calculation

Shinden Hightex's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	866.948	/	( ( (16636.032 - 9181.29)	+	(22134.898 - 14187.284) )	/ 2 )
	=	866.948	/	( (7454.742	+	7947.614)	/ 2 )
	=	866.948	/	7701.178
	=	11.26 %

Shinden Hightex's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Sep. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Sep. 2025 )		(Q: Mar. 2026 )
	=	887.162	/	( ( (17232.602 - 9462.46)	+	(22134.898 - 14187.284) )	/ 2 )
	=	887.162	/	( ( 7770.142	+	7947.614 )	/ 2 )
	=	887.162	/	7858.878
	=	11.29 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 11.29% mean?

Shinden Hightex (TSE:3131) has a ROCE % of 11.29% as of Mar. 2026.

Is Shinden Hightex's ROCE % too high?

Shinden Hightex's current ROCE % is 11.29%. The Hardware industry median ROCE % is 5.87. Shinden Hightex's value of 11.29% is 92.5% above this industry median. Overall, Shinden Hightex has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Shinden Hightex's ROCE % compare to SNX and ARW?

Shinden Hightex's ROCE % of 11.29% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.87. Shinden Hightex's value of 11.29% is 92.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Hardware company?

The median ROCE % among Hardware companies is 5.87, based on 2,454 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shinden Hightex's current ROCE % of 11.29% is 92.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 5.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinden Hightex's current ROCE % is 11.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Shinden Hightex stock overvalued right now?

Based on GuruFocus' analysis, Shinden Hightex (TSE:3131) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,878.93, compared to a current price of 円3,635.00 — trading 26.3% above its estimated fair value. The current ROCE % is 11.29% and 92.5% above the Hardware industry median of 5.87. Shinden Hightex's overall GF Score™ is 60/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Shinden Hightex (TSE:3131), the current ROCE % is 11.29% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shinden Hightex (TSE:3131) Overvalued in 2026?

Based on GuruFocus' analysis, Shinden Hightex stock appears to be overvalued. The current stock price of 円3,635.00 is trading 26.3% above its estimated GF Value™ of 円2,878.93. GuruFocus considers Shinden Hightex to be Modestly Overvalued.

Key valuation signals for TSE:3131:

ROCE %: 11.29%
GF Value™: 円2,878.93 vs. price of 円3,635.00 (26.3% above fair value)
GF Score™: 60/100 with 8 warning signs
Industry Position: 92.5% above the Hardware median

No single metric tells the full story. See the TSE:3131 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shinden Hightex Business Description

Industry Technology Hardware

Comparable Companies TSE:7619 TSE:7565 TSE:3020 TSE:3375 TSE:8023 TSE:9425 TSE:4420 TSE:8093 SNX XPAR:RXL ARW SZSE:000938 AVT TPE:3702 TPE:2347 LSE:SCT SZSE:000062 SZSE:300975 SHSE:603516 NSIT

Address 3-7-2 Irifune, 6th Floor, KDX Ginza East Building, Chuo-ku, Tokyo, JPN, 104-0042

Website https://www.shinden.co.jp

Shinden Hightex Corp is involved in selling various electronic components in Japan. The company offers ICs, liquid crystal displays, memory cards and boards, system products, batteries, and semiconductor components.

60GF Score

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円3,635.00

Price

円2,878.93

GF Value

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