f-code (TSE:9211) ROCE % : -21.53% (As of Dec. 2023)

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What is f-code 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. f-code's annualized ROCE % for the quarter that ended in Dec. 2023 was -21.53%.

f-code ROCE % Historical Data

The historical data trend for f-code'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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f-code ROCE % Chart

f-code Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-23.10

13.15

34.19

13.88

2.55

f-code Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							42.47	4.51	5.94	10.47	-21.53

f-code ROCE % Calculation

f-code'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 )
	=	135.602	/	( ( (10980.258 - 2196.59)	+	(3234.825 - 1398.507) )	/ 2 )
	=	135.602	/	( (8783.668	+	1836.318)	/ 2 )
	=	135.602	/	5309.993
	=	2.55 %

f-code'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 )
	=	-1149.7	/	( ( (10551.794 - 1706.212)	+	(3234.825 - 1398.507) )	/ 2 )
	=	-1149.7	/	( ( 8845.582	+	1836.318 )	/ 2 )
	=	-1149.7	/	5340.95
	=	-21.53 %

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

f-code (TSE:9211) 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.

f-code ROCE % Related Terms

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f-code (TSE:9211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » f-code Inc (TSE:9211) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1 Ichigayahachiman-cho, Shinjuku-ku, Ichigaya Building, 5th Floor, Tokyo, JPN, 162-0844

Website

https://www.f-code.co.jp

f-code Inc is engaged in providing comprehensive consulting services in digital marketing.

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