Dentsu Soken (TSE:4812) ROCE % : 26.31% (As of Dec. 2023)

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What is Dentsu Soken 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. Dentsu Soken's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.31%.

Dentsu Soken ROCE % Historical Data

The historical data trend for Dentsu Soken'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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Dentsu Soken ROCE % Chart

Dentsu Soken Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.52

18.23

20.25

24.56

25.91

Dentsu Soken 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															28.21	25.99	24.15	26.31	27.92

Dentsu Soken ROCE % Calculation

Dentsu Soken'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 )
	=	20978	/	( ( (121892 - 45687)	+	(133333 - 47622) )	/ 2 )
	=	20978	/	( (76205	+	85711)	/ 2 )
	=	20978	/	80958
	=	25.91 %

Dentsu Soken'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 )
	=	22024	/	( ( (131312 - 49592)	+	(133333 - 47622) )	/ 2 )
	=	22024	/	( ( 81720	+	85711 )	/ 2 )
	=	22024	/	83715.5
	=	26.31 %

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

Dentsu Soken (TSE:4812) 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.

Dentsu Soken ROCE % Related Terms

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Dentsu Soken (TSE:4812) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Dentsu Soken Inc (TSE:4812) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ISW:Germany

Address

2-17-1, Konan, Minato-ku, Tokyo, JPN, 108-0075

Website

https://www.dentsusoken.com

Dentsu Soken Inc provides a range of information technology, or IT, and consulting services. The company organizes itself into four segments based on service type. The financial solutions segment, which generates more revenue than any other segment, builds algorithmic trading systems and provides cash management, banking, and corporate finance services. The manufacturing solutions segment provides IT solutions for the entire product lifecycle, from product development and production, to sales and maintenance in the manufacturing industry. The communication IT solutions segment provides e-commerce and customer relationship management services. The business solutions segment provides consulting and IT services.

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