Sekisui Kasei Co (TSE:4228) ROCE % : -0.82% (As of Dec. 2023)

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What is Sekisui Kasei 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. Sekisui Kasei Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.82%.

Sekisui Kasei Co ROCE % Historical Data

The historical data trend for Sekisui Kasei 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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Sekisui Kasei Co ROCE % Chart

Sekisui Kasei Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.69

3.63

1.99

-4.02

2.98

Sekisui Kasei Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															3.60	5.84	0.23	6.31	-0.82

Sekisui Kasei Co ROCE % Calculation

Sekisui Kasei Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	2825	/	( ( (143308 - 50715)	+	(145175 - 48096) )	/ 2 )
	=	2825	/	( (92593	+	97079)	/ 2 )
	=	2825	/	94836
	=	2.98 %

Sekisui Kasei Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-772	/	( ( (147280 - 53545)	+	(147809 - 54370) )	/ 2 )
	=	-772	/	( ( 93735	+	93439 )	/ 2 )
	=	-772	/	93587
	=	-0.82 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Sekisui Kasei Co (TSE:4228) 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.

Sekisui Kasei Co ROCE % Related Terms

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Sekisui Kasei Co (TSE:4228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sekisui Kasei Co Ltd (TSE:4228) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

2-4-4 Nishitenma, Kita-ku, Osaka, JPN, 530-8565

Website

http://www.sekisuikasei.com

Sekisui Kasei Co Ltd is a plastic provider solution company. The company is engaged in manufacture and sale of foamed plastic and other plastic products. It operates in two segments, Human Life, and Industry. The products in human life segment include Eslen beads, Eslen sheet, Eslen wood, Interforms, ES molded products such as ES Dan mat, Eslen block used in agricultural and fishery materials, food packaging materials, distribution materials, construction materials, civil engineering materials. The products in Industry segment are Pioceran, Literon, Neomicrolen, Serpet, Techpolymer, Technogel, Techheater, Elastil, Formac, ST-LAYER used in automotive materials, vehicle parts packaging, industrial materials, industrial packaging, electronic component materials, medical and health materials.

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