Sumitomo Metal Mining Co (Sumitomo Metal Mining Co) ROCE % : 6.30% (As of Dec. 2023)

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What is Sumitomo Metal Mining 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. Sumitomo Metal Mining Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.30%.

Sumitomo Metal Mining Co ROCE % Historical Data

The historical data trend for Sumitomo Metal Mining 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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Sumitomo Metal Mining Co ROCE % Chart

Sumitomo Metal Mining Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.33

5.78

8.30

20.10

10.94

Sumitomo Metal Mining Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															11.49	2.42	5.24	5.00	6.30

Sumitomo Metal Mining Co ROCE % Calculation

Sumitomo Metal Mining 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 )
	=	1784.366	/	( ( (19133.123 - 3245.062)	+	(20258.955 - 3525.721) )	/ 2 )
	=	1784.366	/	( (15888.061	+	16733.234)	/ 2 )
	=	1784.366	/	16310.6475
	=	10.94 %

Sumitomo Metal Mining Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1099.92	/	( ( (19729.967 - 2726.004)	+	(21010.255 - 3113.789) )	/ 2 )
	=	1099.92	/	( ( 17003.963	+	17896.466 )	/ 2 )
	=	1099.92	/	17450.2145
	=	6.30 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Sumitomo Metal Mining Co (OTCPK:STMNF) 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.

Sumitomo Metal Mining Co ROCE % Related Terms

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Sumitomo Metal Mining Co (Sumitomo Metal Mining Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sumitomo Metal Mining Co Ltd (OTCPK:STMNF) » Definitions » ROCE %

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Traded in Other Exchanges

SMMYY:USA 5713:Japan S19:Germany

Address

11-3, Shimbashi 5-chome, Minato-ku, Tokyo, JPN, 105-8716

Website

http://www.smm.co.jp

Sumitomo Metal Mining Co Ltd has three core operating segments, namely mineral resources, smelting and refining, and materials. The mineral resources business is engaged in exploration, development, production and sale of non-ferrous metals, primarily in Japan. The smelting and refining segment which generates the majority of group revenue, smelts and sells copper, nickel zinc, lead gold and others, and manufactures and sells stretched copper products and special steel castings. The materials division manufactures semiconductor materials, battery materials, bonding materials, aerated light-weight concrete, chemical catalysts among others.

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