S&J (TSE:5599) ROCE % : 31.06% (As of Sep. 2023)

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What is S&J 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. S&J's annualized ROCE % for the quarter that ended in Sep. 2023 was 31.06%.

S&J ROCE % Historical Data

The historical data trend for S&J'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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S&J ROCE % Chart

S&J Annual Data

Trend

Mar22

Mar23

ROCE %

42.98

48.20

S&J Semi-Annual Data
	Mar22	Mar23	Sep23
ROCE %	-	-	31.06

S&J ROCE % Calculation

S&J'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 )
	=	321.815	/	( ( (992.354 - 410.705)	+	(1545.457 - 791.888) )	/ 2 )
	=	321.815	/	( (581.649	+	753.569)	/ 2 )
	=	321.815	/	667.609
	=	48.20 %

S&J's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	245.848	/	( ( (1545.457 - 791.888)	+	(1451.272 - 621.671) )	/ 2 )
	=	245.848	/	( ( 753.569	+	829.601 )	/ 2 )
	=	245.848	/	791.585
	=	31.06 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

S&J (TSE:5599) 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.

S&J ROCE % Related Terms

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S&J (TSE:5599) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » S&J Corp (TSE:5599) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-4-12 Nishishimbashi, Minato-ku, Tokyo, JPN, 105-0003

Website

https://www.sandj.co.jp

S&J Corp is a cyber security company. As a group of cybersecurity experts, It always considers the expectations of its customers and provides security services that will earn them gratitude.

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