Kanamic Network Co (TSE:3939) ROCE % : 30.20% (As of Dec. 2023)

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What is Kanamic Network 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. Kanamic Network Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 30.20%.

Kanamic Network Co ROCE % Historical Data

The historical data trend for Kanamic Network 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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Kanamic Network Co ROCE % Chart

Kanamic Network Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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40.54

38.27

28.57

20.59

22.54

Kanamic Network 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															17.29	25.33	19.22	29.50	30.20

Kanamic Network Co ROCE % Calculation

Kanamic Network Co's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	1108.642	/	( ( (6506.323 - 915.949)	+	(5653.058 - 1405.859) )	/ 2 )
	=	1108.642	/	( (5590.374	+	4247.199)	/ 2 )
	=	1108.642	/	4918.7865
	=	22.54 %

Kanamic Network 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 )
	=	1262.968	/	( ( (5653.058 - 1405.859)	+	(5257.521 - 1140.34) )	/ 2 )
	=	1262.968	/	( ( 4247.199	+	4117.181 )	/ 2 )
	=	1262.968	/	4182.19
	=	30.20 %

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

Kanamic Network Co (TSE:3939) 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.

Kanamic Network Co ROCE % Related Terms

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Kanamic Network Co (TSE:3939) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Kanamic Network Co Ltd (TSE:3939) » Definitions » ROCE %

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0WT:Germany

Address

4-20-3 Ebisu, 31st floor, Ebisu Garden Place Tower, Shibuya-ku, Tokyo, JPN, 150-6031

Website

http://www.kanamic.net

Kanamic Network Co Ltd provides platforms and management systems for the health care industry. The firm develops software to support medical care and nursing care business management. It offers cloud services for construction of information sharing platform in the medical and nursing care field to local government staff, doctors, nurses, care managers; system integration and system solution business; Website production/management work; and planning, production, and sale of Web content and video, and various sales promotion tools. In addition, it offers management and system consulting services, and education and training services; and engages in planning and holding lectures, seminars, academic conferences.

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