Sumitomo Riko Co (TSE:5191) ROCE % : 11.41% (As of Sep. 2024)

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What is Sumitomo Riko 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 Riko Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.41%.

Sumitomo Riko Co ROCE % Historical Data

The historical data trend for Sumitomo Riko 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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Sumitomo Riko Co ROCE % Chart

Sumitomo Riko Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.38

0.17

0.65

6.34

11.53

Sumitomo Riko 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															7.72	16.55	12.60	11.63	11.41

Sumitomo Riko Co ROCE % Calculation

Sumitomo Riko 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 )
	=	34609	/	( ( (420008 - 136545)	+	(441764 - 124918) )	/ 2 )
	=	34609	/	( (283463	+	316846)	/ 2 )
	=	34609	/	300154.5
	=	11.53 %

Sumitomo Riko 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 )
	=	34204	/	( ( (0 - 0)	+	(435614 - 135897) )	/ 1 )
	=	34204	/	( ( 0	+	299717 )	/ 1 )
	=	34204	/	299717
	=	11.41 %

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

Sumitomo Riko Co (TSE:5191) 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.

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Sumitomo Riko Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sumitomo Riko Co Ltd (TSE:5191) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Higashi 3-chome, Aichi, Komaki, JPN, 485-8550

Website

http://www.sumitomoriko.co.jp

Sumitomo Riko Co Ltd manufactures and sells automotive parts that include antivibration rubbers and hoses, IT-related products, and various industrial materials. The company's high-polymer compounding technology serves as a major component to many of the products it engineers. Sumitomo derives a significant portion of sales from its automotive segment, with revenue dispersed globally. Alongside antivibration rubbers and hoses, automotive product offerings include sound controlling and insulation products, interior equipment (headrests and instrument panels), and connector seals. The company's other segments bring rubber technologies to printers and copy machines, infrastructure, housing, and healthcare.

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