Shinki Bus Co (TSE:9083) ROCE % : 0.00% (As of Sep. 2024)

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

Shinki Bus Co ROCE % Historical Data

The historical data trend for Shinki Bus 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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Shinki Bus Co ROCE % Chart

Shinki Bus Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.73

-3.71

6.98

5.09

6.22

Shinki Bus Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															0.61	0.75	4.82	18.86	-

Shinki Bus Co ROCE % Calculation

Shinki Bus Co'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 )
	=	3248	/	( ( (60627 - 9487)	+	(63070 - 9719) )	/ 2 )
	=	3248	/	( (51140	+	53351)	/ 2 )
	=	3248	/	52245.5
	=	6.22 %

Shinki Bus 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: 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	/	( ( (63070 - 9719)	+	(62958 - 10945) )	/ 2 )
	=	0	/	( ( 53351	+	52013 )	/ 2 )
	=	0	/	52682
	=	0.00 %

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

Shinki Bus Co (TSE:9083) 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.

Shinki Bus Co ROCE % Related Terms

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Shinki Bus Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shinki Bus Co Ltd (TSE:9083) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Nishiekimae-cho, Himejishi, JPN, 670-0913

Website

http://www.shinkibus.co.jp

Shinki Bus Co Ltd is providing bus transportation services in Japan. It offers passenger services such as route buses, high-speed buses, charter buses, taxis, and others. The company also handle real estate projects such as sale, rental, and brokerage, leisure industries such as restaurants and cafes, travel, outdoor facilities as well as nursing care and temporary staffing.

Shinki Bus Co Headlines

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