ZIGExN Co (TSE:3679) ROCE % : 26.05% (As of Dec. 2023)

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What is ZIGExN 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. ZIGExN Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.05%.

ZIGExN Co ROCE % Historical Data

The historical data trend for ZIGExN 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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ZIGExN Co ROCE % Chart

ZIGExN Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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29.89

23.74

-6.31

20.21

23.17

ZIGExN 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															23.53	29.44	24.62	26.16	26.05

ZIGExN Co ROCE % Calculation

ZIGExN 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 )
	=	4209	/	( ( (21604 - 4627)	+	(30393 - 11037) )	/ 2 )
	=	4209	/	( (16977	+	19356)	/ 2 )
	=	4209	/	18166.5
	=	23.17 %

ZIGExN 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 )
	=	5388	/	( ( (31504 - 11023)	+	(29281 - 8396) )	/ 2 )
	=	5388	/	( ( 20481	+	20885 )	/ 2 )
	=	5388	/	20683
	=	26.05 %

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

ZIGExN Co (TSE:3679) 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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ZIGExN Co (TSE:3679) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » ZIGExN Co Ltd (TSE:3679) » Definitions » ROCE %

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ZGXNF:USA ZGE:Germany

Address

3-4-8 Toranomon, 5th FloorMinato-k, Tokyo, JPN, 105-0001

Website

http://www.zigexn.co.jp

ZIGExN Co.,Ltd. develops and operates the internet media platforms called EX Sites that provide information from multiple media and submit user's requests to multiple media in one access. The company's Life Media Platform business developed services to a wide range of areas related to daily life. The company operates career change EX, an employment site, Rent SMOCCA EX, a search site for real estate information, Pharmacist jobs EX, a pharmacist job search site, among others.

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