Wintest (TSE:6721) ROCE % : -39.67% (As of Jun. 2024)

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What is Wintest 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. Wintest's annualized ROCE % for the quarter that ended in Jun. 2024 was -39.67%.

Wintest ROCE % Historical Data

The historical data trend for Wintest'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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Wintest ROCE % Chart

Wintest Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Dec21

Dec22

ROCE %

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-34.25

-123.72

-53.19

-33.01

-42.14

Wintest Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-23.65	-26.51	-46.38	-9.82	-39.67

Wintest ROCE % Calculation

Wintest's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-679.037	/	( ( (1896.211 - 201.873)	+	(1902.244 - 373.734) )	/ 2 )
	=	-679.037	/	( (1694.338	+	1528.51)	/ 2 )
	=	-679.037	/	1611.424
	=	-42.14 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-673.568	/	( ( (2129.502 - 361.114)	+	(1905.499 - 277.681) )	/ 2 )
	=	-673.568	/	( ( 1768.388	+	1627.818 )	/ 2 )
	=	-673.568	/	1698.103
	=	-39.67 %

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

Wintest (TSE:6721) 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.

Wintest ROCE % Related Terms

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Wintest Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wintest Corp (TSE:6721) » Definitions » ROCE %

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Address

Yokohama ST Bldg, 1-2-24, Hiranuma, Nishi-ku, Yokohama, JPN, 220-0004

Website

http://www.wintest.co.jp

Wintest Corp mainly develops, design and sell inspection equipment for image sensors and display driver integrated circuit processing. Its product and services include semiconductor measurement (CCD and CMOS image sensor), high added value FPD measurement (organic EL, low temperature / high-temperature polysilicon liquid crystal, LCOS), and mixed signal device measurement.

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