i Cubed Systems (TSE:4495) ROCE % : 29.20% (As of Mar. 2024)

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What is i Cubed Systems 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. i Cubed Systems's annualized ROCE % for the quarter that ended in Mar. 2024 was 29.20%.

i Cubed Systems ROCE % Historical Data

The historical data trend for i Cubed Systems'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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i Cubed Systems ROCE % Chart

i Cubed Systems Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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51.73

65.62

45.59

41.28

25.79

i Cubed Systems Quarterly Data
	Jun18	Jun19	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															29.54	20.48	21.60	30.47	29.20

i Cubed Systems ROCE % Calculation

i Cubed Systems'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 )
	=	618.69	/	( ( (3202.755 - 978.826)	+	(3399.411 - 825.904) )	/ 2 )
	=	618.69	/	( (2223.929	+	2573.507)	/ 2 )
	=	618.69	/	2398.718
	=	25.79 %

i Cubed Systems'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 )
	=	788.664	/	( ( (3631.036 - 990.173)	+	(3574.873 - 814.004) )	/ 2 )
	=	788.664	/	( ( 2640.863	+	2760.869 )	/ 2 )
	=	788.664	/	2700.866
	=	29.20 %

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

i Cubed Systems (TSE:4495) 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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i Cubed Systems (TSE:4495) Business Description

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Address

4th Floor, 1st Meisei Building, 4-37-37 Tenjin, Chuo-ku, Fukuoka Prefecture, Fukuoka, JPN, 810-0001

Website

https://www.i3-systems.com

i Cubed Systems Inc is engaged in provision of mobile device management services for corporations. The company provides CLOMO's business application series that include Clomo browser, Clomo Mailer, Clomo Claender, Clomo Address book, and Clomo File sharing.

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