BayCurrent Consulting (TSE:6532) ROCE % : 51.48% (As of Feb. 2024)

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What is BayCurrent Consulting 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. BayCurrent Consulting's annualized ROCE % for the quarter that ended in Feb. 2024 was 51.48%.

BayCurrent Consulting ROCE % Historical Data

The historical data trend for BayCurrent Consulting'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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BayCurrent Consulting ROCE % Chart

BayCurrent Consulting Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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31.87

48.06

57.75

56.74

48.16

BayCurrent Consulting Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															67.55	53.70	46.08	48.11	51.48

BayCurrent Consulting ROCE % Calculation

BayCurrent Consulting's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	34219	/	( ( (75265 - 15204)	+	(99883 - 17840) )	/ 2 )
	=	34219	/	( (60061	+	82043)	/ 2 )
	=	34219	/	71052
	=	48.16 %

BayCurrent Consulting's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	40100	/	( ( (88999 - 15268)	+	(99883 - 17840) )	/ 2 )
	=	40100	/	( ( 73731	+	82043 )	/ 2 )
	=	40100	/	77887
	=	51.48 %

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

BayCurrent Consulting (TSE:6532) 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.

BayCurrent Consulting ROCE % Related Terms

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BayCurrent Consulting (TSE:6532) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » BayCurrent Consulting Inc (TSE:6532) » Definitions » ROCE %

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BYCRF:USA

Address

23-1, Toranomon 1-Chome, Toranomon Hills Mori Tower, 9th floor, Minato-ku, Tokyo, JPN, 105-6309

Website

http://www.baycurrent.co.jp

BayCurrent Consulting Inc offers comprehensive consulting services in a wide variety of industries. It offers Strategy Business Process Consulting, Information Technology (IT) Consulting, and System Integration. The Strategy Business Process Consulting covers company or business strategy, M&A alliances, digital strategy, turn-around, globalization, innovation, and marketing or sales strategy. The IT Consulting includes IT strategy, governance, organizational improvement, cost optimization, architecture, asset evaluation, talent development, and Request for Proposal (RFP) creation. The System Integration handles system design, development and infrastructure operation and maintenance.

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