Shima Seiki Mfg (TSE:6222) ROCE % : 2.74% (As of Dec. 2023)

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What is Shima Seiki Mfg 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. Shima Seiki Mfg's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.74%.

Shima Seiki Mfg ROCE % Historical Data

The historical data trend for Shima Seiki Mfg'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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Shima Seiki Mfg ROCE % Chart

Shima Seiki Mfg Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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4.37

-5.30

-16.81

-3.51

-5.57

Shima Seiki Mfg 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															-1.79	-19.41	4.01	-1.48	2.74

Shima Seiki Mfg ROCE % Calculation

Shima Seiki Mfg'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 )
	=	-5125	/	( ( (101809 - 8188)	+	(101040 - 10773) )	/ 2 )
	=	-5125	/	( (93621	+	90267)	/ 2 )
	=	-5125	/	91944
	=	-5.57 %

Shima Seiki Mfg'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 )
	=	2560	/	( ( (104331 - 10125)	+	(103755 - 10783) )	/ 2 )
	=	2560	/	( ( 94206	+	92972 )	/ 2 )
	=	2560	/	93589
	=	2.74 %

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

Shima Seiki Mfg (TSE:6222) 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.

Shima Seiki Mfg ROCE % Related Terms

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Shima Seiki Mfg (TSE:6222) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shima Seiki Mfg Ltd (TSE:6222) » Definitions » ROCE %

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Address

85 Sakata, Wakayama, JPN, 641-8511

Website

http://www.shimaseiki.co.jp

Shima Seiki Mfg Ltd is a Japan-based company that is engaged in developing, manufacturing, selling, and servicing computerized flat knitting machines, design systems, automatic fabric-cutting machines, and glove- and sock-knitting machines. The company's products are applied in apparel, knitting, weaving, printing, circular knitting, interior furnishings, automotive, aerospace, and other industrial materials. Flat knitting machines account for the majority of the company's sales. Shima Seiki generates most of its sales from Asia and Europe.

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