Shinko (TSE:7120) ROCE % : 0.00% (As of Sep. 2024)

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What is Shinko 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. Shinko's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Shinko ROCE % Historical Data

The historical data trend for Shinko'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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Shinko ROCE % Chart

Shinko Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

16.70

24.96

27.81

19.48

Shinko Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial				9.36	17.87	15.83	36.57	-

Shinko ROCE % Calculation

Shinko'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 )
	=	635.234	/	( ( (6466.73 - 3397.162)	+	(6515.58 - 3061.569) )	/ 2 )
	=	635.234	/	( (3069.568	+	3454.011)	/ 2 )
	=	635.234	/	3261.7895
	=	19.48 %

Shinko'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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	0	/	( ( (6515.58 - 3061.569)	+	(5830.657 - 2399.873) )	/ 2 )
	=	0	/	( ( 3454.011	+	3430.784 )	/ 2 )
	=	0	/	3442.3975
	=	0.00 %

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

Shinko (TSE:7120) 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.

Shinko ROCE % Related Terms

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Shinko Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shinko Inc (TSE:7120) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8F CS Tower, 5-20-8 Asakusabashi, Taito-ku, Tokyo, JPN, 111-0053

Website

https://www.kk-shinko.com

Shinko Inc is engaged in providing maintenance services for IT equipment and Staffing services. The company's services and products include; Maintenance services, human resource services, Introduction design and installation development services, and Network security-related products. The Maintenance services include Onsite maintenance service, Help desk service, Remote monitoring service, and call center service. The human resource services include an Engineer dispatch service and a Business contract. The Introduction design and installation development services include Network design and construction, Wireless environment construction, and Communication system construction.

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