Shin Maint Holdings Co (TSE:6086) ROCE % : 14.61% (As of Feb. 2024)

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What is Shin Maint Holdings 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. Shin Maint Holdings Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 14.61%.

Shin Maint Holdings Co ROCE % Historical Data

The historical data trend for Shin Maint Holdings 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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Shin Maint Holdings Co ROCE % Chart

Shin Maint Holdings Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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29.16

22.16

27.26

28.77

32.64

Shin Maint Holdings Co 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															14.83	32.92	52.86	34.52	14.61

Shin Maint Holdings Co ROCE % Calculation

Shin Maint Holdings Co's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	1302.778	/	( ( (7059.773 - 3383.664)	+	(8302.017 - 3995.006) )	/ 2 )
	=	1302.778	/	( (3676.109	+	4307.011)	/ 2 )
	=	1302.778	/	3991.56
	=	32.64 %

Shin Maint Holdings Co'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 )
	=	617.26	/	( ( (8483.858 - 4342.152)	+	(8302.017 - 3995.006) )	/ 2 )
	=	617.26	/	( ( 4141.706	+	4307.011 )	/ 2 )
	=	617.26	/	4224.3585
	=	14.61 %

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

Shin Maint Holdings Co (TSE:6086) 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.

Shin Maint Holdings Co ROCE % Related Terms

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Shin Maint Holdings Co (TSE:6086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shin Maint Holdings Co Ltd (TSE:6086) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 13 No. 8 Keihin Higashioi Building 3F, Shinagawa-ku, Tokyo, JPN, 140-0011

Website

http://www.shin-pro.com

Shin Maint Holdings Co Ltd is engaged in providing maintenance services for fixing and maintaining equipment and facilities for restaurant chains.

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