Accrete (TSE:4395) ROCE % : -34.67% (As of Dec. 2023)

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What is Accrete 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. Accrete's annualized ROCE % for the quarter that ended in Dec. 2023 was -34.67%.

Accrete ROCE % Historical Data

The historical data trend for Accrete'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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Accrete ROCE % Chart

Accrete Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.42

30.04

26.32

43.36

-0.12

Accrete 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															20.61	21.20	7.60	2.12	-34.67

Accrete ROCE % Calculation

Accrete's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-3.84	/	( ( (4921.697 - 1485.08)	+	(4211.359 - 1312.848) )	/ 2 )
	=	-3.84	/	( (3436.617	+	2898.511)	/ 2 )
	=	-3.84	/	3167.564
	=	-0.12 %

Accrete'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 )
	=	-1080.328	/	( ( (4446.825 - 1113.809)	+	(4211.359 - 1312.848) )	/ 2 )
	=	-1080.328	/	( ( 3333.016	+	2898.511 )	/ 2 )
	=	-1080.328	/	3115.7635
	=	-34.67 %

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

Accrete (TSE:4395) 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.

Accrete ROCE % Related Terms

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Accrete (TSE:4395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Accrete Inc (TSE:4395) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6F, 12-39 Taishido 1-chome, Setagaya-ku, Tokyo, JPN, 154-0004

Website

https://www.accrete-inc.com

Accrete Inc offers short message delivery services business to send an application to person typed SMS messages including one time password (OTP), marketing, communication, notification from enterprise clients to its individual customer's mobile phones.

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