SNT (TSE:6319) ROCE % : -0.65% (As of Sep. 2024)

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What is SNT 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. SNT's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.65%.

SNT ROCE % Historical Data

The historical data trend for SNT'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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SNT ROCE % Chart

SNT Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.09

-1.75

3.04

3.90

5.52

SNT 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															6.11	1.62	0.99	-0.65	5.12

SNT ROCE % Calculation

SNT'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 )
	=	1538.626	/	( ( (38558.769 - 12050.219)	+	(38871.684 - 9659.206) )	/ 2 )
	=	1538.626	/	( (26508.55	+	29212.478)	/ 2 )
	=	1538.626	/	27860.514
	=	5.52 %

SNT'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 )
	=	-185.06	/	( ( (0 - 0)	+	(37416.161 - 8788.252) )	/ 1 )
	=	-185.06	/	( ( 0	+	28627.909 )	/ 1 )
	=	-185.06	/	28627.909
	=	-0.65 %

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

SNT (TSE:6319) 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.

SNT ROCE % Related Terms

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SNT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SNT Corp (TSE:6319) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-13-1, Kaizuka, Kawasaki-ku, Kanagawa prefecture, Kawasaki, JPN, 210-0014

Website

http://snt.co.jp

SNT Corp engages in the manufacture and sale of forging parts, construction and logistics equipment. It offers forged products, including axle tubes, drive pinions, and knuckle spindles for automobile, construction, and other applications. The company manufactures and sells frame scaffolding and supporting materials for use at construction sites, as well as leases temporary construction equipment. In addition, it designs, manufactures, and sells steel pallet logistics containers for use in land and sea transportation, as well as other products comprising padding materials inside multi-purpose pallets, pallet height extensions, pallet top attachments, and one-way pallets.

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