Shibuya (TSE:6340) ROCE % : 17.14% (As of Mar. 2024)

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What is Shibuya 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. Shibuya's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.14%.

Shibuya ROCE % Historical Data

The historical data trend for Shibuya'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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Shibuya ROCE % Chart

Shibuya Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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14.95

12.30

15.09

14.81

8.38

Shibuya Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															12.63	9.81	3.50	15.49	17.14

Shibuya ROCE % Calculation

Shibuya's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	8200	/	( ( (136981 - 42842)	+	(142426 - 40864) )	/ 2 )
	=	8200	/	( (94139	+	101562)	/ 2 )
	=	8200	/	97850.5
	=	8.38 %

Shibuya's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	18000	/	( ( (150905 - 47118)	+	(157570 - 51273) )	/ 2 )
	=	18000	/	( ( 103787	+	106297 )	/ 2 )
	=	18000	/	105042
	=	17.14 %

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

Shibuya (TSE:6340) 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.

Shibuya ROCE % Related Terms

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Shibuya (TSE:6340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shibuya Corp (TSE:6340) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ko-58 Mameda-Honmachi, Kanazawa-shi, Ishikawa, JPN, 920-8681

Website

http://www.shibuya.co.jp

Shibuya Corp operates in the packaging machinery sector. The company offers various products system such as bottling, packaging, product handling, pharmaceutical manufacturing, regenerative medicine manufacturing, cleaning, environmental, laser working, water-jet cutting, semiconductor, medical equipment, agricultural equipment, and Food processing systems.

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