Shindengen Electric Manufacturing Co (TSE:6844) ROCE % : -3.71% (As of Sep. 2024)

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What is Shindengen Electric Manufacturing 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. Shindengen Electric Manufacturing Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.71%.

Shindengen Electric Manufacturing Co ROCE % Historical Data

The historical data trend for Shindengen Electric Manufacturing 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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Shindengen Electric Manufacturing Co ROCE % Chart

Shindengen Electric Manufacturing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.39

-5.16

7.02

4.10

1.64

Shindengen Electric Manufacturing 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															2.60	1.96	2.06	-3.71	3.31

Shindengen Electric Manufacturing Co ROCE % Calculation

Shindengen Electric Manufacturing 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 )
	=	1796	/	( ( (138092 - 32462)	+	(144669 - 31110) )	/ 2 )
	=	1796	/	( (105630	+	113559)	/ 2 )
	=	1796	/	109594.5
	=	1.64 %

Shindengen Electric Manufacturing 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 )
	=	-4208	/	( ( (0 - 0)	+	(144186 - 30853) )	/ 1 )
	=	-4208	/	( ( 0	+	113333 )	/ 1 )
	=	-4208	/	113333
	=	-3.71 %

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

Shindengen Electric Manufacturing Co (TSE:6844) 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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Shindengen Electric Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shindengen Electric Manufacturing Co Ltd (TSE:6844) » Definitions » ROCE %

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Address

New-Ohtemachi Building, 2-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

https://www.shindengen.co.jp

Shindengen Electric Manufacturing Co Ltd is an electronics manufacturer that develops, manufactures and sells high-efficiency, low-noise semiconductors as well as car electronics and power system products. The company's business is organized into three reportable segments: Device business, Car Electronics business and Next Generation Energy business. It earns majority of the revenue from Car Electronics business. Shindengen has its operations in Japan, Indonesia, Asia, and other areas.

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