Hokkaido Shikangyo Co (TSE:7693) ROCE % : 4.87% (As of Sep. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Hokkaido Shikangyo 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. Hokkaido Shikangyo Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 4.87%.

Hokkaido Shikangyo Co ROCE % Historical Data

The historical data trend for Hokkaido Shikangyo 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.

* Premium members only.

Hokkaido Shikangyo Co ROCE % Chart

Hokkaido Shikangyo Co Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

6.25

-1.86

6.62

4.72

3.65

Hokkaido Shikangyo Co Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial				-1.41	10.97	7.20	-0.13	4.87

Hokkaido Shikangyo Co ROCE % Calculation

Hokkaido Shikangyo Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	26.957	/	( ( (1277.205 - 521.003)	+	(1241.979 - 519.215) )	/ 2 )
	=	26.957	/	( (756.202	+	722.764)	/ 2 )
	=	26.957	/	739.483
	=	3.65 %

Hokkaido Shikangyo Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	35.19	/	( ( (1241.979 - 519.215)	+	(1228.963 - 505.797) )	/ 2 )
	=	35.19	/	( ( 722.764	+	723.166 )	/ 2 )
	=	35.19	/	722.965
	=	4.87 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Hokkaido Shikangyo Co (TSE:7693) 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.

Hokkaido Shikangyo Co ROCE % Related Terms

Thank you for viewing the detailed overview of Hokkaido Shikangyo Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Hokkaido Shikangyo Co (TSE:7693) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Hokkaido Shika Sangyo Co Ltd (TSE:7693) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kikusuikami-cho, 2 of Article 4-chome 36-7, Yubinbango, Sapporo Shiroishi-ku, Hokkaido, JPN, 003-0812

Website

https://www.hokusan-kk.co.jp

Hokkaido Shika Sangyo Co Ltd is engaged in sales of dental instruments and dental materials. The company's activities include sale of medical equipment and pharmaceuticals, veterinary medical equipment and veterinary drugs, poisonous substances and deleterious substances, medical oxygen and nitrous oxide, rental of medical equipment highly managed medical equipment, sale and rental of used medical equipment, inspection, maintenance and repair of medical equipment.

Hokkaido Shikangyo Co (TSE:7693) Headlines

No Headlines