Seiwa Electric Mfg Co (TSE:6748) ROCE % : 2.38% (As of Jun. 2024)

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What is Seiwa Electric Mfg 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. Seiwa Electric Mfg Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 2.38%.

Seiwa Electric Mfg Co ROCE % Historical Data

The historical data trend for Seiwa Electric Mfg 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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Seiwa Electric Mfg Co ROCE % Chart

Seiwa Electric Mfg Co Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

ROCE %

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6.09

2.60

10.12

10.79

10.94

Seiwa Electric Mfg Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															0.22	5.95	14.55	10.34	2.38

Seiwa Electric Mfg Co ROCE % Calculation

Seiwa Electric Mfg Co'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 )
	=	1657.927	/	( ( (30143.851 - 15616.392)	+	(28308.233 - 12524.471) )	/ 2 )
	=	1657.927	/	( (14527.459	+	15783.762)	/ 2 )
	=	1657.927	/	15155.6105
	=	10.94 %

Seiwa Electric Mfg Co'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 )
	=	432.808	/	( ( (28748.224 - 10616.829)	+	(27898.749 - 9597.956) )	/ 2 )
	=	432.808	/	( ( 18131.395	+	18300.793 )	/ 2 )
	=	432.808	/	18216.094
	=	2.38 %

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

Seiwa Electric Mfg Co (TSE:6748) 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.

Seiwa Electric Mfg Co ROCE % Related Terms

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Seiwa Electric Mfg Co Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Seiwa Electric Mfg Co Ltd (TSE:6748) » Definitions » ROCE %

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Address

36 Pond, Teradashin, Joyo, Kyoto, JPN

Website

http://www.seiwa.co.jp

Seiwa Electric Mfg Co Ltd manufactures electronic components in Japan. Its products include an Information display system, road and tunnel lighting fixtures for the industrial segment, LED lighting products, noise protection products, and wiring protection solutions.

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