Rakus Co (TSE:3923) ROCE % : 62.34% (As of Dec. 2023)

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What is Rakus 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. Rakus Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 62.34%.

Rakus Co ROCE % Historical Data

The historical data trend for Rakus 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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Rakus Co ROCE % Chart

Rakus Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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34.61

23.45

62.25

18.60

19.94

Rakus Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															18.17	32.10	40.93	25.14	62.34

Rakus Co ROCE % Calculation

Rakus 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 )
	=	1839	/	( ( (11700 - 2977)	+	(14073 - 4347) )	/ 2 )
	=	1839	/	( (8723	+	9726)	/ 2 )
	=	1839	/	9224.5
	=	19.94 %

Rakus 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 )
	=	7428	/	( ( (17568 - 6171)	+	(18660 - 6228) )	/ 2 )
	=	7428	/	( ( 11397	+	12432 )	/ 2 )
	=	7428	/	11914.5
	=	62.34 %

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

Rakus Co (TSE:3923) 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.

Rakus Co ROCE % Related Terms

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Rakus Co (TSE:3923) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rakus Co Ltd (TSE:3923) » Definitions » ROCE %

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Address

5 - 27 - 11 Sendagaya Shibuya Ward, Aggreg Square Shinjuku 2nd Floor, 3rd Floor, Tokyo, JPN, 151-0051

Website

http://www.rakus.co.jp

Rakus Co Ltd provides information technology services in Japan. The Company's services include cloud services and email management software. The cloud services include the development and sales of transportation expenses, mail sharing and unified management system, mail delivery system and others. The dispatch of IT engineers services mainly provides employee dispatching services specializing in IT engineer, providing services includes Java system development, infrastructure construction and operation, and others.

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