Digital Information Technologies (TSE:3916) ROCE % : 38.61% (As of Mar. 2024)

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What is Digital Information Technologies 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. Digital Information Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 38.61%.

Digital Information Technologies ROCE % Historical Data

The historical data trend for Digital Information Technologies'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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Digital Information Technologies ROCE % Chart

Digital Information Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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35.61

39.39

41.37

38.70

34.64

Digital Information Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															18.85	33.33	34.79	40.58	38.61

Digital Information Technologies ROCE % Calculation

Digital Information Technologies's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	2064.123	/	( ( (7681.333 - 1960.41)	+	(8176.624 - 1980.242) )	/ 2 )
	=	2064.123	/	( (5720.923	+	6196.382)	/ 2 )
	=	2064.123	/	5958.6525
	=	34.64 %

Digital Information Technologies's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	2647.744	/	( ( (8737.727 - 2101.082)	+	(9699.535 - 2620.4) )	/ 2 )
	=	2647.744	/	( ( 6636.645	+	7079.135 )	/ 2 )
	=	2647.744	/	6857.89
	=	38.61 %

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

Digital Information Technologies (TSE:3916) 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.

Digital Information Technologies ROCE % Related Terms

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Digital Information Technologies (TSE:3916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digital Information Technologies Corp (TSE:3916) » Definitions » ROCE %

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Address

Chuo-ku, Tokyo Hatchobori 4-chome, 5-4 FORECAST Sakurabashi the third floor, Tokyo, JPN

Website

https://www.ditgroup.jp

Digital Information Technologies Corp is a Japan-based information service company mainly engaged in operation of software development business and computer sales business. The company develops business systems, embedded devices, etc. for clients primarily in the fields of finance, communications. Its products include WebARGUS, a Website security solution; and xoBlos, an Excel work innovation platform.

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