Shikoku Electric Power Co (TSE:9507) ROCE % : 7.42% (As of Sep. 2024)

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What is Shikoku Electric Power 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. Shikoku Electric Power Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.42%.

Shikoku Electric Power Co ROCE % Historical Data

The historical data trend for Shikoku Electric Power 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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Shikoku Electric Power Co ROCE % Chart

Shikoku Electric Power Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.82

0.90

-0.12

-1.19

6.29

Shikoku Electric Power Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															4.47	0.96	9.43	7.42	3.79

Shikoku Electric Power Co ROCE % Calculation

Shikoku Electric Power 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 )
	=	86668	/	( ( (1612025 - 254096)	+	(1629054 - 231318) )	/ 2 )
	=	86668	/	( (1357929	+	1397736)	/ 2 )
	=	86668	/	1377832.5
	=	6.29 %

Shikoku Electric Power 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 )
	=	103376	/	( ( (0 - 0)	+	(1650983 - 257066) )	/ 1 )
	=	103376	/	( ( 0	+	1393917 )	/ 1 )
	=	103376	/	1393917
	=	7.42 %

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

Shikoku Electric Power Co (TSE:9507) 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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Shikoku Electric Power Co Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shikoku Electric Power Co Inc (TSE:9507) » Definitions » ROCE %

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Address

2-5 Marunouchi, Takamatsu-shi, Kagawa, JPN, 760-8573

Website

http://www.yonden.co.jp

Shikoku Electric Power Co Inc also known as Yonden Group, is an electric utility company that supplies electric power to customers in the Japan's Shikoku region. The company's principal activity is generating, transmitting, and distributing electricity. Shikoku Electric produces energy through its portfolio of coal, nuclear, oil, hydroelectric, and natural gas power plants. Thermal and nuclear assets represent the majority of its electric power generation capacity. Shikoku Electric segments its operations into electric utility, IT/communications, and "other" divisions. The vast majority of the company's revenue is derived by selling electricity produced by coal-fueled facilities and transmitted to industrial and commercial customers.

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