GreenBee (TSE:3913) ROCE % : -12.66% (As of Dec. 2023)

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What is GreenBee 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. GreenBee's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.66%.

GreenBee ROCE % Historical Data

The historical data trend for GreenBee'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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GreenBee ROCE % Chart

GreenBee Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.92

2.90

0.58

-16.55

-3.63

GreenBee 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															-56.67	0.76	-3.26	0.02	-12.66

GreenBee ROCE % Calculation

GreenBee'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 )
	=	-41.891	/	( ( (1394.308 - 159.718)	+	(1189.656 - 114.546) )	/ 2 )
	=	-41.891	/	( (1234.59	+	1075.11)	/ 2 )
	=	-41.891	/	1154.85
	=	-3.63 %

GreenBee'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 )
	=	-136.968	/	( ( (1239.156 - 150.394)	+	(1189.656 - 114.546) )	/ 2 )
	=	-136.968	/	( ( 1088.762	+	1075.11 )	/ 2 )
	=	-136.968	/	1081.936
	=	-12.66 %

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

GreenBee (TSE:3913) 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.

GreenBee ROCE % Related Terms

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GreenBee (TSE:3913) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » GreenBee Inc (TSE:3913) » Definitions » ROCE %

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8th Floor, Central Square, 2-3-1 Shinkawa, Chuo-ku, Tokyo, JPN, 104-0033

Website

http://www.smedio.co.jp

sMedio Inc is a multi-media software development company. It provides software for PCs and portable devices. Its products include true DVD touch, true DVD streamer, true blu-ray touch and airget.

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