Shibaura Mechatronics (TSE:6590) ROCE % : 19.27% (As of Sep. 2024)

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What is Shibaura Mechatronics 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. Shibaura Mechatronics's annualized ROCE % for the quarter that ended in Sep. 2024 was 19.27%.

Shibaura Mechatronics ROCE % Historical Data

The historical data trend for Shibaura Mechatronics'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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Shibaura Mechatronics ROCE % Chart

Shibaura Mechatronics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.76

7.95

11.20

24.17

23.96

Shibaura Mechatronics 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															25.31	29.75	25.41	19.27	28.22

Shibaura Mechatronics ROCE % Calculation

Shibaura Mechatronics'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 )
	=	11684	/	( ( (81887 - 33995)	+	(91254 - 41611) )	/ 2 )
	=	11684	/	( (47892	+	49643)	/ 2 )
	=	11684	/	48767.5
	=	23.96 %

Shibaura Mechatronics'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 )
	=	9740	/	( ( (0 - 0)	+	(88839 - 38291) )	/ 1 )
	=	9740	/	( ( 0	+	50548 )	/ 1 )
	=	9740	/	50548
	=	19.27 %

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

Shibaura Mechatronics (TSE:6590) 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.

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Shibaura Mechatronics Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shibaura Mechatronics Corp (TSE:6590) » Definitions » ROCE %

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Address

2-5-1, Kasama, Sakae-ku, Yokohama, Kanagawa, JPN, 247-8610

Website

http://www.shibaura.co.jp

Shibaura Mechatronics Corp is a Japanese infrastructure provider. The company is engaged in the development of manufacturing equipment for flat panel displays, semiconductors, electronic components and optical thin films. Its products include wet cleaning equipment, stripping equipment, advanced reticle etching system, chemical dry etching equipment, automation system, manufacturing equipment, pattern cutting equipment, among others. It also offers various services including maintenance, overhauls, machine management, and repair.

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