Techno Smart (TSE:6246) ROCE % : 17.74% (As of Dec. 2023)

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What is Techno Smart 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. Techno Smart's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.74%.

Techno Smart ROCE % Historical Data

The historical data trend for Techno Smart'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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Techno Smart ROCE % Chart

Techno Smart Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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15.55

17.54

5.15

9.16

11.75

Techno Smart 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															19.88	0.35	9.28	22.90	17.74

Techno Smart ROCE % Calculation

Techno Smart'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 )
	=	2275.748	/	( ( (29316.47 - 10563.531)	+	(27909.27 - 7923.834) )	/ 2 )
	=	2275.748	/	( (18752.939	+	19985.436)	/ 2 )
	=	2275.748	/	19369.1875
	=	11.75 %

Techno Smart'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 )
	=	3690.256	/	( ( (28766.581 - 8085.665)	+	(31180.204 - 10252.245) )	/ 2 )
	=	3690.256	/	( ( 20680.916	+	20927.959 )	/ 2 )
	=	3690.256	/	20804.4375
	=	17.74 %

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

Techno Smart (TSE:6246) 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.

Techno Smart ROCE % Related Terms

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Techno Smart (TSE:6246) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Techno Smart Corp (TSE:6246) » Definitions » ROCE %

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Address

2nd Floor, Kyutaro-machi Kowa Building, 5-28 Kyutaro-machi 2-chome, Chuo-ku, Osaka, JPN, 541-0056

Website

http://www.technosmart.co.jp

Techno Smart Corp is engaged in the designing and manufacturing of lithium-ion battery electrode manufacturing devices. LCD polarized film manufacturing devices, other film manufacturing devices and precision instruments for coating and laminating. The company's products offerings include CED coaters, Die coaters, Floating dryer, Unwind devices, Laboratory coater, among others.

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