TRYT (TSE:9164) ROCE % : -0.45% (As of Dec. 2023)

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What is TRYT 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. TRYT's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.45%.

TRYT ROCE % Historical Data

The historical data trend for TRYT'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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TRYT ROCE % Chart

TRYT Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-0.44

10.39

11.87

TRYT Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial					0.35	-0.84	44.82	3.61	-0.45

TRYT ROCE % Calculation

TRYT'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 )
	=	7814	/	( ( (74638 - 10538)	+	(79947 - 12373) )	/ 2 )
	=	7814	/	( (64100	+	67574)	/ 2 )
	=	7814	/	65837
	=	11.87 %

TRYT'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 )
	=	-308	/	( ( (81364 - 12714)	+	(79947 - 12373) )	/ 2 )
	=	-308	/	( ( 68650	+	67574 )	/ 2 )
	=	-308	/	68112
	=	-0.45 %

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

TRYT (TSE:9164) 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.

TRYT ROCE % Related Terms

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TRYT (TSE:9164) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » TRYT Inc (TSE:9164) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-12-7 Sonezaki, Seiwa Umeda Building 13 floor, Kita-ku, Osaka, JPN, 530-0057

Website

https://tryt-group.co.jp

TRYT Inc is involved in job placement and temporary staffing, specializing in the medical and welfare fields and the construction fields. The company operates nationwide in two main business areas: medical and welfare, which provides placement and temporary staffing services mainly in caregiving, nursing, childcare, and construction, which the company has operated since its founding.

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