Sumitomo Bakelite Co (TSE:4203) ROCE % : 9.61% (As of Mar. 2024)

View and export this data going back to 1949. Start your Free Trial

What is Sumitomo Bakelite 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 Bakelite Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.61%.

Sumitomo Bakelite Co ROCE % Historical Data

The historical data trend for Sumitomo Bakelite 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.

* Premium members only.

Sumitomo Bakelite Co ROCE % Chart

Sumitomo Bakelite Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

5.60

9.29

10.07

9.51

9.85

Sumitomo Bakelite 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															7.72	9.98	9.08	11.42	9.61

Sumitomo Bakelite Co ROCE % Calculation

Sumitomo Bakelite 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 )
	=	31811	/	( ( (378457 - 79767)	+	(441162 - 94256) )	/ 2 )
	=	31811	/	( (298690	+	346906)	/ 2 )
	=	31811	/	322798
	=	9.85 %

Sumitomo Bakelite Co'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 )
	=	31936	/	( ( (407255 - 89632)	+	(441162 - 94256) )	/ 2 )
	=	31936	/	( ( 317623	+	346906 )	/ 2 )
	=	31936	/	332264.5
	=	9.61 %

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

Sumitomo Bakelite Co (TSE:4203) 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 Bakelite Co ROCE % Related Terms

Thank you for viewing the detailed overview of Sumitomo Bakelite Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Sumitomo Bakelite Co (TSE:4203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sumitomo Bakelite Co Ltd (TSE:4203) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-5-8 Higashi-shinagawa, Shinagawa-ku, Tokyo, JPN, 140-0002

Website

http://www.sumibe.co.jp

Sumitomo Bakelite Co Ltd manufactures and sells plastics and chemical-based products. The firm's three segments are based on product type. The high-performance plastics segment, which generates more revenue than any other segment, sells phenolic molding compounds and phenolic resins used to make the interiors of aerospace and automotive vehicles. The quality-of-life segment sells medical-device products including endoscopic, surgery, drainage, and circulation devices. The semiconductor materials segment sells epoxy resin molding compounds and liquid resins used for semiconductor encapsulation in smartphones and other consumer electronic devices. The majority of revenue comes from Asia.

Sumitomo Bakelite Co (TSE:4203) Headlines

No Headlines