SEC CARBON (TSE:5304) ROCE % : 15.95% (As of Dec. 2023)

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What is SEC CARBON 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. SEC CARBON's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.95%.

SEC CARBON ROCE % Historical Data

The historical data trend for SEC CARBON'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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SEC CARBON ROCE % Chart

SEC CARBON Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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28.23

6.51

6.52

12.22

14.29

SEC CARBON 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															21.98	14.79	13.60	15.95	12.93

SEC CARBON ROCE % Calculation

SEC CARBON'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 )
	=	10217	/	( ( (72554 - 7029)	+	(87798 - 10307) )	/ 2 )
	=	10217	/	( (65525	+	77491)	/ 2 )
	=	10217	/	71508
	=	14.29 %

SEC CARBON'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 )
	=	11620	/	( ( (79188 - 7115)	+	(80814 - 7138) )	/ 2 )
	=	11620	/	( ( 72073	+	73676 )	/ 2 )
	=	11620	/	72874.5
	=	15.95 %

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

SEC CARBON (TSE:5304) 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.

SEC CARBON ROCE % Related Terms

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SEC CARBON (TSE:5304) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » SEC CARBON Ltd (TSE:5304) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2-6 Shioe, Amagasaki, Hyogo, JPN

Website

http://sec-carbon.com

SEC CARBON Ltd engages in the manufacture and sale of carbon products. It offers SK-B graphitized cathode blocks for aluminum smelting; graphite electrodes that are used in electric arc furnaces for steelmaking; and carbon and graphite specialties and materials for use in the semiconductor, aerospace, chemical, electrochemistry, machine, and metallurgy industries. The company also provides the fine powder that is used in various industries, such as paint, sliding materials, metallurgic uses, and batteries.

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