Genova (TSE:9341) ROCE % : 39.88% (As of Dec. 2023)

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What is Genova 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. Genova's annualized ROCE % for the quarter that ended in Dec. 2023 was 39.88%.

Genova ROCE % Historical Data

The historical data trend for Genova'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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Genova ROCE % Chart

Genova Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

95.76

87.30

60.66

Genova Quarterly Data
	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			50.54	72.57	41.97	45.06	39.88

Genova ROCE % Calculation

Genova'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 )
	=	1719.297	/	( ( (2819.344 - 1231.2)	+	(5414.923 - 1334.706) )	/ 2 )
	=	1719.297	/	( (1588.144	+	4080.217)	/ 2 )
	=	1719.297	/	2834.1805
	=	60.66 %

Genova'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 )
	=	2018.352	/	( ( (6279.885 - 1396.552)	+	(6651.651 - 1412.843) )	/ 2 )
	=	2018.352	/	( ( 4883.333	+	5238.808 )	/ 2 )
	=	2018.352	/	5061.0705
	=	39.88 %

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

Genova (TSE:9341) 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.

Genova ROCE % Related Terms

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Genova (TSE:9341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Genova Inc (TSE:9341) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-21-1, Shibuya, Shibuya Hikarie, 34th Floor, Shibuya-Ku, Tokyo, JPN, 150-8510

Website

https://www.genova.co.jp

Genova Inc manage operations of the medical information site and sales of automatic reception and payment machines for clinics.

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