Sanken Electric Co (TSE:6707) ROCE % : 106.90% (As of Sep. 2024)

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What is Sanken Electric Co 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. Sanken Electric Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 106.90%.

Sanken Electric Co ROCE % Historical Data

The historical data trend for Sanken Electric Co'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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Sanken Electric Co ROCE % Chart

Sanken Electric Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-0.93

-4.89

7.92

13.26

4.70

Sanken Electric Co 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															5.53	-11.42	-3.99	106.90	7.94

Sanken Electric Co ROCE % Calculation

Sanken Electric Co'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 )
	=	12111	/	( ( (301951 - 83496)	+	(383591 - 86725) )	/ 2 )
	=	12111	/	( (218455	+	296866)	/ 2 )
	=	12111	/	257660.5
	=	4.70 %

Sanken Electric Co'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 )
	=	220288	/	( ( (0 - 0)	+	(284267 - 78193) )	/ 1 )
	=	220288	/	( ( 0	+	206074 )	/ 1 )
	=	220288	/	206074
	=	106.90 %

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

Sanken Electric Co (TSE:6707) 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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Sanken Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sanken Electric Co Ltd (TSE:6707) » Definitions » ROCE %

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Traded in Other Exchanges

XSK:Germany

Address

3-6-3, Kitano, Saitama-ken, Niiza-shi, JPN, 352-8666

Website

https://www.sanken-ele.co.jp

Sanken Electric Co Ltd manufactures, sells, and purchases electric equipment and apparatuses. Its product lineup includes semiconductors, power line filters, inverters, DC power supplies, and other items. Products are offered to the automotive, power supply, LED, and other markets for purposes such as meeting global energy conservation regulations. Semiconductors are the company's leading sales generator and find use in automobiles, home appliances, and industrial automation. In addition to having its equipment manufactured domestically (Japan), and in regions such as North America, the company has stationed sales offices in each region to work with clients and meet specific needs.

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