Newtech Co (TSE:6734) ROCE % : 18.83% (As of Aug. 2024)

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What is Newtech 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. Newtech Co's annualized ROCE % for the quarter that ended in Aug. 2024 was 18.83%.

Newtech Co ROCE % Historical Data

The historical data trend for Newtech 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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Newtech Co ROCE % Chart

Newtech Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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21.86

21.94

14.13

20.64

16.31

Newtech Co Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial															24.51	0.64	28.80	3.68	18.83

Newtech Co ROCE % Calculation

Newtech Co's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	392.697	/	( ( (3987.081 - 1690.432)	+	(4128.065 - 1610.276) )	/ 2 )
	=	392.697	/	( (2296.649	+	2517.789)	/ 2 )
	=	392.697	/	2407.219
	=	16.31 %

Newtech Co's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	494.544	/	( ( (4169.707 - 1594.08)	+	(4428.466 - 1750.782) )	/ 2 )
	=	494.544	/	( ( 2575.627	+	2677.684 )	/ 2 )
	=	494.544	/	2626.6555
	=	18.83 %

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

Newtech Co (TSE:6734) 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.

Newtech Co ROCE % Related Terms

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Newtech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Newtech Co Ltd (TSE:6734) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

KDX building Hamamatsu-cho, Hamamatsu-cho 2-chome, 7-19, Minato-ku, Tokyo, JPN, 105-0013

Website

http://www.newtech.co.jp

Newtech Co Ltd is engaged in the development, manufacturing, sales, and support of storage main units and peripheral devices connected to servers. The products of the company include Thunderbolt RAID, SAS RAID, FC RAID, iSCSI RAID, and Infiniband.

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