GSI Co (SSE:5579) ROCE % : 31.01% (As of Dec. 2023)

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What is GSI 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. GSI Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 31.01%.

GSI Co ROCE % Historical Data

The historical data trend for GSI 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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GSI Co ROCE % Chart

GSI Co Annual Data

Trend

Mar22

Mar23

ROCE %

29.54

27.67

GSI Co Quarterly Data
	Mar22	Mar23	Jun23	Sep23	Dec23
ROCE %	-	-	19.79	17.50	31.01

GSI Co ROCE % Calculation

GSI 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 )
	=	437.047	/	( ( (2230.265 - 728.33)	+	(2471.839 - 814.621) )	/ 2 )
	=	437.047	/	( (1501.935	+	1657.218)	/ 2 )
	=	437.047	/	1579.5765
	=	27.67 %

GSI 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 )
	=	650.328	/	( ( (2831.372 - 818.394)	+	(2900.335 - 718.672) )	/ 2 )
	=	650.328	/	( ( 2012.978	+	2181.663 )	/ 2 )
	=	650.328	/	2097.3205
	=	31.01 %

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

GSI Co (SSE:5579) 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.

GSI Co ROCE % Related Terms

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GSI Co (SSE:5579) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GSI Co Ltd (SSE:5579) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kita 7-jo Nishi 1-1-2, SE Sapporo Building 13th Floor, Kita-ku, Sapporo, JPN, 060-0807

Website

https://www.glue-si.com

GSI Co Ltd is engaged in providing IT solution services that satisfy its customers. It is a system development business that specializes in providing system development to companies that are struggling with a lack of IT service development capabilities to utilize corporate digital technology.

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