Sodick Co (TSE:6143) ROCE % : -0.56% (As of Sep. 2024)

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What is Sodick 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. Sodick Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.56%.

Sodick Co ROCE % Historical Data

The historical data trend for Sodick 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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Sodick Co ROCE % Chart

Sodick Co Annual Data

Trend

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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2.76

9.58

8.18

-2.04

5.09

Sodick Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-10.03	-2.09	7.82	-0.56	15.00

Sodick Co ROCE % Calculation

Sodick Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	5440	/	( ( (134066 - 30808)	+	(144993 - 34440) )	/ 2 )
	=	5440	/	( (103258	+	110553)	/ 2 )
	=	5440	/	106905.5
	=	5.09 %

Sodick 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 )
	=	-604	/	( ( (143385 - 33893)	+	(138326 - 33301) )	/ 2 )
	=	-604	/	( ( 109492	+	105025 )	/ 2 )
	=	-604	/	107258.5
	=	-0.56 %

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

Sodick Co (TSE:6143) 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.

Sodick Co ROCE % Related Terms

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Sodick Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sodick Co Ltd (TSE:6143) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SDCKF:USA

Address

3-12-1 Nakamachidai, Tsuzuki-ku, Yokohama, Kanagawa, JPN, 224-8522

Website

http://www.sodick.co.jp

Sodick Co Ltd is the manufacturer of electrical discharge machines (EDM). The company operates through three segments namely Machine tools operations, Industrial machinery operations, and Food processing machinery operations. It offers various machine tools products such as die-sinker, wire-cut, and small-hole drilling EDMs, horizontal injection molding machine, noodle producing the machine, powder mill, linear motor and linear motor drivers and many more.

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