AirCloset (TSE:9557) ROCE % : -14.89% (As of Mar. 2024)

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What is AirCloset 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. AirCloset's annualized ROCE % for the quarter that ended in Mar. 2024 was -14.89%.

AirCloset ROCE % Historical Data

The historical data trend for AirCloset'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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AirCloset ROCE % Chart

AirCloset Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

-303.14

-90.99

-35.74

-21.71

AirCloset Quarterly Data
	Jun20	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						-14.65	-27.58	2.16	6.25	-14.89

AirCloset ROCE % Calculation

AirCloset's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-333.256	/	( ( (2186.291 - 661.671)	+	(2504.221 - 959.409) )	/ 2 )
	=	-333.256	/	( (1524.62	+	1544.812)	/ 2 )
	=	-333.256	/	1534.716
	=	-21.71 %

AirCloset'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 )
	=	-243.8	/	( ( (2614.602 - 1045.812)	+	(2802.028 - 1097.177) )	/ 2 )
	=	-243.8	/	( ( 1568.79	+	1704.851 )	/ 2 )
	=	-243.8	/	1636.8205
	=	-14.89 %

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

AirCloset (TSE:9557) 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.

AirCloset ROCE % Related Terms

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AirCloset (TSE:9557) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » AirCloset Inc (TSE:9557) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-1-31 Minamiaoyama, KD Minami Aoyama Building, Minato-ku, Tokyo, JPN, 107-0062

Website

https://www.air-closet.com

AirCloset Inc operates a fashion rental platform, airCloset. The company's services include Online Fashion Rental Service, airCloset; Fashion Rental Shop, airClosetxABLE; Online Styling EC Service, airCloset Fitting; Manufacturer's official monthly rental mall, airCloset Mall; and Remote personal styling service, airCloset Talk.

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