Shoei Co (TSE:7839) ROCE % : 31.72% (As of Sep. 2024)

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What is Shoei 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. Shoei Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 31.72%.

Shoei Co ROCE % Historical Data

The historical data trend for Shoei 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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Shoei Co ROCE % Chart

Shoei Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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28.97

33.26

38.79

37.87

35.84

Shoei Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															25.31	41.10	40.70	41.21	31.72

Shoei Co ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	10496.857	/	( ( (32805.478 - 4705.659)	+	(35085.664 - 4607.751) )	/ 2 )
	=	10496.857	/	( (28099.819	+	30477.913)	/ 2 )
	=	10496.857	/	29288.866
	=	35.84 %

Shoei 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 )
	=	9667.692	/	( ( (0 - 0)	+	(35085.664 - 4607.751) )	/ 1 )
	=	9667.692	/	( ( 0	+	30477.913 )	/ 1 )
	=	9667.692	/	30477.913
	=	31.72 %

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

Shoei Co (TSE:7839) 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.

Shoei Co ROCE % Related Terms

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Shoei Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shoei Co Ltd (TSE:7839) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SHOFF:USA

Address

5-8-5 Ueno, Taito-ku, Tokyo, JPN, 110-0005

Website

http://www.shoei.com

Shoei Co Ltd main business is the manufacture and sale of helmets for passengers. The items handled are helmets and related products and are designed for riding on general motorcycles. Geographically the company derives the majority of its revenue from Japan. The company also generates revenue from France, Germany, the United States, china, and other countries.

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