Casy Co (TSE:9215) ROCE % : -1.91% (As of Feb. 2024)

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What is Casy Co 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. Casy Co's annualized ROCE % for the quarter that ended in Feb. 2024 was -1.91%.

Casy Co ROCE % Historical Data

The historical data trend for Casy Co'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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Casy Co ROCE % Chart

Casy Co Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

-124.53

-82.99

-4.59

10.92

7.58

Casy Co Quarterly Data
	Nov19	Nov20	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial								20.69	6.19	-3.69	7.40	-1.91

Casy Co ROCE % Calculation

Casy Co's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	22.693	/	( ( (443.062 - 154.4)	+	(486.94 - 177.205) )	/ 2 )
	=	22.693	/	( (288.662	+	309.735)	/ 2 )
	=	22.693	/	299.1985
	=	7.58 %

Casy Co'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 )
	=	-5.892	/	( ( (486.94 - 177.205)	+	(484.724 - 176.261) )	/ 2 )
	=	-5.892	/	( ( 309.735	+	308.463 )	/ 2 )
	=	-5.892	/	309.099
	=	-1.91 %

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

Casy Co (TSE:9215) 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.

Casy Co ROCE % Related Terms

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Casy Co (TSE:9215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Casy Co Ltd (TSE:9215) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-5-11 Kamiosaki, Shinagawa-ku, Tokyo, JPN, 141-0021

Website

https://corp.casy.co.jp

Casy Co Ltd is engaged in managing home service platform including housekeeping to create valuable time of life.

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