Demae-Can Co (TSE:2484) ROCE % : -31.61% (As of Feb. 2024)

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What is Demae-Can 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. Demae-Can Co's annualized ROCE % for the quarter that ended in Feb. 2024 was -31.61%.

Demae-Can Co ROCE % Historical Data

The historical data trend for Demae-Can 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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Demae-Can Co ROCE % Chart

Demae-Can Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-0.73

-25.77

-121.85

-117.21

-25.05

Demae-Can 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															-37.61	-17.03	-13.73	-12.02	-31.61

Demae-Can Co ROCE % Calculation

Demae-Can Co's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-12115	/	( ( (69190 - 14915)	+	(54746 - 12307) )	/ 2 )
	=	-12115	/	( (54275	+	42439)	/ 2 )
	=	-12115	/	48357
	=	-25.05 %

Demae-Can 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 )
	=	-12548	/	( ( (52576 - 11321)	+	(49416 - 11266) )	/ 2 )
	=	-12548	/	( ( 41255	+	38150 )	/ 2 )
	=	-12548	/	39702.5
	=	-31.61 %

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

Demae-Can Co (TSE:2484) 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.

Demae-Can Co ROCE % Related Terms

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Demae-Can Co (TSE:2484) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Demae-Can Co Ltd (TSE:2484) » Definitions » ROCE %

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YUMSF:USA

Address

Midosuji Daiwa Building, 8th Floor, 3-6-8, Kyutaromachi, Chuo-ku, Osaka-shi, Osaka, JPN, 541-0056

Website

http://corporate.demae-can.com

Demae-Can Co Ltd Ltd operates an Internet store in Japan. The company operates through two business segments including Demae-can Business and Mail Order Business. The Demae-can segment operates a website for the door-to-door delivery service, and the mail order sales segment sells, Shochu to restaurants on the phone.

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