Eltes Co (TSE:3967) ROCE % : 7.66% (As of Nov. 2023)

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What is Eltes 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. Eltes Co's annualized ROCE % for the quarter that ended in Nov. 2023 was 7.66%.

Eltes Co ROCE % Historical Data

The historical data trend for Eltes 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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Eltes Co ROCE % Chart

Eltes Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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-1.69

8.88

-27.44

7.77

4.41

Eltes 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															4.31	10.78	-2.36	-0.91	7.66

Eltes Co ROCE % Calculation

Eltes 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 )
	=	147.822	/	( ( (2470.458 - 432.016)	+	(6000.402 - 1339.377) )	/ 2 )
	=	147.822	/	( (2038.442	+	4661.025)	/ 2 )
	=	147.822	/	3349.7335
	=	4.41 %

Eltes 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 )
	=	369.176	/	( ( (6647.072 - 1786.886)	+	(6672.6 - 1895.789) )	/ 2 )
	=	369.176	/	( ( 4860.186	+	4776.811 )	/ 2 )
	=	369.176	/	4818.4985
	=	7.66 %

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

Eltes Co (TSE:3967) 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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Eltes Co (TSE:3967) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Eltes Co Ltd (TSE:3967) » Definitions » ROCE %

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Address

3-2-5, Kasumigaseki, 6th Floor, Kasumigaseki Building, Chiyoda-ku, Tokyo, JPN, 100-6006

Website

https://eltes.co.jp

Eltes Co Ltd provides consultation services based on digital risk technology for database risk and other large storage protection in Japan. It also offers internal fraud detection services that enable the prevention of information security breaches caused by internal factors; and a service that includes detection and diagnosis of security breaches caused by external factors.

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