Socionext (TSE:6526) ROCE % : 14.74% (As of Dec. 2024)

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What is Socionext 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. Socionext's annualized ROCE % for the quarter that ended in Dec. 2024 was 14.74%.

Socionext ROCE % Historical Data

The historical data trend for Socionext'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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Socionext ROCE % Chart

Socionext Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

1.87

9.73

21.43

28.95

Socionext Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial								29.48	23.30	30.24	15.21	14.74

Socionext ROCE % Calculation

Socionext'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 )
	=	35510	/	( ( (193945 - 82338)	+	(186840 - 53094) )	/ 2 )
	=	35510	/	( (111607	+	133746)	/ 2 )
	=	35510	/	122676.5
	=	28.95 %

Socionext's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	20416	/	( ( (177843 - 37368)	+	(168622 - 32114) )	/ 2 )
	=	20416	/	( ( 140475	+	136508 )	/ 2 )
	=	20416	/	138491.5
	=	14.74 %

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

Socionext (TSE:6526) 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.

Socionext ROCE % Related Terms

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Socionext Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Socionext Inc (TSE:6526) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SOCNF:USA

Address

2-10-23 Shin-Yokohama, Kanagawa Prefecture (Nomura Real Estate Shin-Yokohama Building), Kohoku-ku, Yokohama, JPN, 222-0033

Website

https://www.socionext.com

Socionext Inc is engaged in the design, development and sales of system on chip as a fabless supplier.

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