Novarese (TSE:9160) ROCE % : -6.18% (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Novarese 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. Novarese's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.18%.

Novarese ROCE % Historical Data

The historical data trend for Novarese'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.

* Premium members only.

Novarese ROCE % Chart

Novarese Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

17.98

13.11

15.21

24.62

8.18

Novarese Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-10.95	11.70	-2.89	24.07	-6.18

Novarese ROCE % Calculation

Novarese'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 )
	=	1563.208	/	( ( (31980.649 - 17893.605)	+	(32301.401 - 8177.438) )	/ 2 )
	=	1563.208	/	( (14087.044	+	24123.963)	/ 2 )
	=	1563.208	/	19105.5035
	=	8.18 %

Novarese's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-1238.396	/	( ( (32301.401 - 8177.438)	+	(33579.968 - 17623.599) )	/ 2 )
	=	-1238.396	/	( ( 24123.963	+	15956.369 )	/ 2 )
	=	-1238.396	/	20040.166
	=	-6.18 %

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

Novarese (TSE:9160) 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.

Novarese ROCE % Related Terms

Thank you for viewing the detailed overview of Novarese's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Novarese (TSE:9160) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Novarese Inc (TSE:9160) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ginza YOMIKO Building 4F, Tokyo, JPN, 104-0061

Website

http://www.novarese.co.jp

Novarese Inc offers 'Guest House' wedding services. The Company provides rental services for wedding clothing and accessories and operates restaurant business including wedding-food catering services.

Novarese (TSE:9160) Headlines

No Headlines