System Location Co (TSE:2480) ROCE % : 16.33% (As of Dec. 2023)

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What is System Location 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. System Location Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.33%.

System Location Co ROCE % Historical Data

The historical data trend for System Location 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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System Location Co ROCE % Chart

System Location Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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13.08

16.60

15.30

17.14

15.72

System Location Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															16.28	15.76	15.25	15.49	16.33

System Location Co ROCE % Calculation

System Location Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	561.745	/	( ( (3600.716 - 189.005)	+	(3984.996 - 250.567) )	/ 2 )
	=	561.745	/	( (3411.711	+	3734.429)	/ 2 )
	=	561.745	/	3573.07
	=	15.72 %

System Location Co'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 )
	=	645.852	/	( ( (4147.501 - 249.943)	+	(4216.747 - 205.468) )	/ 2 )
	=	645.852	/	( ( 3897.558	+	4011.279 )	/ 2 )
	=	645.852	/	3954.4185
	=	16.33 %

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

System Location Co (TSE:2480) 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.

System Location Co ROCE % Related Terms

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System Location Co (TSE:2480) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » System Location Co Ltd (TSE:2480) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

2-6-3, Higashiyama, Meguro-ku, Tokyo, JPN, 153-0043

Website

http://www.slc.jp

System Location Co., Ltd is engaged in providing business support for automobile related businesses. The services offered by the company include vehicle value calculation system, vehicle catalog database, new car sales support, and auto lease sales support portal site.

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