STUDIO ATAO Co (TSE:3550) ROCE % : 3.04% (As of Nov. 2023)

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What is STUDIO ATAO 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. STUDIO ATAO Co's annualized ROCE % for the quarter that ended in Nov. 2023 was 3.04%.

STUDIO ATAO Co ROCE % Historical Data

The historical data trend for STUDIO ATAO 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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STUDIO ATAO Co ROCE % Chart

STUDIO ATAO Co Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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42.42

33.62

3.13

0.51

-7.34

STUDIO ATAO Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-12.03	-26.18	6.88	-0.49	3.04

STUDIO ATAO Co ROCE % Calculation

STUDIO ATAO Co's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-239.892	/	( ( (3756.986 - 413.433)	+	(3799.541 - 610.74) )	/ 2 )
	=	-239.892	/	( (3343.553	+	3188.801)	/ 2 )
	=	-239.892	/	3266.177
	=	-7.34 %

STUDIO ATAO Co's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	87.56	/	( ( (3496.673 - 564.157)	+	(3461.375 - 625.151) )	/ 2 )
	=	87.56	/	( ( 2932.516	+	2836.224 )	/ 2 )
	=	87.56	/	2884.37
	=	3.04 %

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

STUDIO ATAO Co (TSE:3550) 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.

STUDIO ATAO Co ROCE % Related Terms

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STUDIO ATAO Co (TSE:3550) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » STUDIO ATAO Co Ltd (TSE:3550) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8-2, Chuo-ku, Kobe-shi, Hyogo Prefecture, Chuo-ku, Tokyo, JPN, 651-0087

Website

http://www.atao.co.jp

STUDIO ATAO Co Ltd design and sells bags and purses. The company also manages direct retail stores and internet stores. The firm engages in the planning and sale of original bags, wallets. It also administers and manages stores; produces and operates Internet shops; and plans and produces paper media, including illustrations, as well as engages in character planning, creation, planning, and production of promotional goods, such as novelties.

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