Sanko Gosei (TSE:7888) ROCE % : 6.70% (As of Feb. 2024)

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What is Sanko Gosei 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. Sanko Gosei's annualized ROCE % for the quarter that ended in Feb. 2024 was 6.70%.

Sanko Gosei ROCE % Historical Data

The historical data trend for Sanko Gosei'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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Sanko Gosei ROCE % Chart

Sanko Gosei Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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7.98

0.11

7.28

8.47

9.99

Sanko Gosei Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															4.51	13.04	3.55	17.46	6.70

Sanko Gosei ROCE % Calculation

Sanko Gosei's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	3652	/	( ( (58409 - 23141)	+	(65580 - 27710) )	/ 2 )
	=	3652	/	( (35268	+	37870)	/ 2 )
	=	3652	/	36569
	=	9.99 %

Sanko Gosei's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	2708	/	( ( (70450 - 29407)	+	(70734 - 30885) )	/ 2 )
	=	2708	/	( ( 41043	+	39849 )	/ 2 )
	=	2708	/	40446
	=	6.70 %

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

Sanko Gosei (TSE:7888) 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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Sanko Gosei (TSE:7888) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sanko Gosei Ltd (TSE:7888) » Definitions » ROCE %

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Address

1200 Habushin, Toyama Prefecture, Nanto, JPN, 939-1698

Website

http://www.sankogosei.co.jp

Sanko Gosei Ltd is engaged in the molding and sales of plastic parts, production and assembly of mechanical/digital parts, design, production, and sales of molds for plastic molded parts, industrial products, industrial robots, and dispatching workers, among others.

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