Soken Chemical & Engineering Co (TSE:4972) ROCE % : 18.06% (As of Sep. 2024)

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What is Soken Chemical & Engineering 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. Soken Chemical & Engineering Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 18.06%.

Soken Chemical & Engineering Co ROCE % Historical Data

The historical data trend for Soken Chemical & Engineering 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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Soken Chemical & Engineering Co ROCE % Chart

Soken Chemical & Engineering Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.50

14.04

9.25

6.10

11.17

Soken Chemical & Engineering Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															12.99	15.30	8.02	19.95	18.06

Soken Chemical & Engineering Co ROCE % Calculation

Soken Chemical & Engineering 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 )
	=	3924.55	/	( ( (47275.324 - 13676.676)	+	(50582.748 - 13906.054) )	/ 2 )
	=	3924.55	/	( (33598.648	+	36676.694)	/ 2 )
	=	3924.55	/	35137.671
	=	11.17 %

Soken Chemical & Engineering Co'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	7251.744	/	( ( (0 - 0)	+	(55210.754 - 15063.657) )	/ 1 )
	=	7251.744	/	( ( 0	+	40147.097 )	/ 1 )
	=	7251.744	/	40147.097
	=	18.06 %

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

Soken Chemical & Engineering Co (TSE:4972) 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.

Soken Chemical & Engineering Co ROCE % Related Terms

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Soken Chemical & Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Soken Chemical & Engineering Co Ltd (TSE:4972) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

3-29-5 Takada, Toshima-ku, Tokyo, JPN, 171-8531

Website

http://www.soken-ce.co.jp

Soken Chemical & Engineering Co Ltd Is engaged in the manufacture and sales of acrylic pressure sensitive adhesives, functional polymers, organic fine particles, and adhesive tapes. The products of the company include pressure sensitive adhesives, fine particles, specialty coated products, and nanoimprinting products.

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