eWeLL Co (TSE:5038) ROCE % : 47.31% (As of Dec. 2023)

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What is eWeLL 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. eWeLL Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 47.31%.

eWeLL Co ROCE % Historical Data

The historical data trend for eWeLL 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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eWeLL Co ROCE % Chart

eWeLL Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

59.37

79.24

72.66

61.00

eWeLL Co Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial				49.52	73.53	66.68	67.71	47.31

eWeLL Co ROCE % Calculation

eWeLL Co'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 )
	=	911.489	/	( ( (1649.042 - 452.435)	+	(2380.729 - 588.637) )	/ 2 )
	=	911.489	/	( (1196.607	+	1792.092)	/ 2 )
	=	911.489	/	1494.3495
	=	61.00 %

eWeLL Co'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 )
	=	803.336	/	( ( (1987.419 - 383.506)	+	(2380.729 - 588.637) )	/ 2 )
	=	803.336	/	( ( 1603.913	+	1792.092 )	/ 2 )
	=	803.336	/	1698.0025
	=	47.31 %

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

eWeLL Co (TSE:5038) 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.

eWeLL Co ROCE % Related Terms

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eWeLL Co (TSE:5038) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » eWeLL Co Ltd (TSE:5038) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-3-3 Bingomachi, Sun Building Bingomachi 9th FLoor, Chuo-ku, Osaka, JPN, 541-0051

Website

https://ewell.co.jp

eWeLL Co Ltd provide services that support businesses in the home-based care industry such as SaaS business support tools for home-visit nursing stations.

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