Shinwa Co (TSE:7607) ROCE % : 11.39% (As of Aug. 2024)

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What is Shinwa 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. Shinwa Co's annualized ROCE % for the quarter that ended in Aug. 2024 was 11.39%.

Shinwa Co ROCE % Historical Data

The historical data trend for Shinwa 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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Shinwa Co ROCE % Chart

Shinwa Co Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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16.36

12.96

15.83

13.09

9.16

Shinwa 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															10.37	7.21	10.63	7.59	11.39

Shinwa Co ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	3868.707	/	( ( (58924.463 - 18017.321)	+	(65600.012 - 22014.908) )	/ 2 )
	=	3868.707	/	( (40907.142	+	43585.104)	/ 2 )
	=	3868.707	/	42246.123
	=	9.16 %

Shinwa 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 )
	=	4908.544	/	( ( (63706.328 - 21071.078)	+	(65600.012 - 22014.908) )	/ 2 )
	=	4908.544	/	( ( 42635.25	+	43585.104 )	/ 2 )
	=	4908.544	/	43110.177
	=	11.39 %

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

Shinwa Co (TSE:7607) 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.

Shinwa Co ROCE % Related Terms

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Shinwa Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shinwa Co Ltd (TSE:7607) » Definitions » ROCE %

Comparable Companies

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N/A

Address

2-9-3, Naeshiro, Nagoya, JPN

Website

http://www.shinwa-jpn.co.jp

Shinwa Co Ltd is an engineering, manufacturing, and international trading and logistics company. The deals in metal-joining, industrial machine and factory automation system related products, maintenance, re-condition and upgrade of machinery and equipment requiring specialized welding techniques.

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