SB Technology (TSE:4726) ROCE % : 16.73% (As of Dec. 2023)

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What is SB Technology 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. SB Technology's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.73%.

SB Technology ROCE % Historical Data

The historical data trend for SB Technology'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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SB Technology ROCE % Chart

SB Technology Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.45

19.07

23.86

20.88

21.20

SB Technology Quarterly Data
	Jun19	Sep19	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															29.70	13.80	105.07	16.73	-52.78

SB Technology ROCE % Calculation

SB Technology'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 )
	=	5465	/	( ( (44365 - 18896)	+	(45466 - 18590) )	/ 2 )
	=	5465	/	( (25469	+	26876)	/ 2 )
	=	5465	/	26172.5
	=	20.88 %

SB Technology'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 )
	=	5428	/	( ( (48140 - 15885)	+	(48729 - 16112) )	/ 2 )
	=	5428	/	( ( 32255	+	32617 )	/ 2 )
	=	5428	/	32436
	=	16.73 %

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

SB Technology (TSE:4726) 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.

SB Technology ROCE % Related Terms

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SB Technology (TSE:4726) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SB Technology Corp. (TSE:4726) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SFBTF:USA SB3:Germany

Address

Iidabashi Building 3rd, 13-1 Nishigokencho, Shinjuku-ku, Tokyo, JPN, 162-0812

Website

https://www.softbanktech.co.jp

SB Technology Corp. is a Japan-based company engaged in E-business. The company offers ICT services including data analytics, security solutions, cloud solutions, IT infrastructure solutions, and E-commerce services. It is also involved in planning, designing, development, and operation of IT systems, mobile apps and IoT apps through its system integration services.

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