Carta Holdings (TSE:3688) ROCE % : -9.35% (As of Dec. 2023)

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What is Carta Holdings 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. Carta Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.35%.

Carta Holdings ROCE % Historical Data

The historical data trend for Carta Holdings'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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Carta Holdings ROCE % Chart

Carta Holdings Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Dec20

Dec21

Dec22

ROCE %

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20.40

16.28

12.04

18.71

16.29

Carta Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															10.19	-20.57	3.45	-5.06	-9.35

Carta Holdings ROCE % Calculation

Carta Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	4699	/	( ( (55376 - 26280)	+	(50440 - 21841) )	/ 2 )
	=	4699	/	( (29096	+	28599)	/ 2 )
	=	4699	/	28847.5
	=	16.29 %

Carta Holdings'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 )
	=	-2344	/	( ( (45427 - 19467)	+	(49863 - 25704) )	/ 2 )
	=	-2344	/	( ( 25960	+	24159 )	/ 2 )
	=	-2344	/	25059.5
	=	-9.35 %

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

Carta Holdings (TSE:3688) 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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Carta Holdings (TSE:3688) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Carta Holdings Inc (TSE:3688) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Shibuya First Place 1st, 6th, 7th, 8th Floor, Shimizu-machi, Shibuya-ku, Tokyo, JPN, 150-0045

Website

https://cartaholdings.co.jp

Carta Holdings Inc, formerly Voyage Group Inc is a Japanese company engaged in online media-related business and web search and advertising.

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