Thinca Co (TSE:149A) ROCE % : -2.13% (As of Dec. 2023)

View and export this data going back to 2024. Start your Free Trial

What is Thinca 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. Thinca Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.13%.

Thinca Co ROCE % Historical Data

The historical data trend for Thinca 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.

* Premium members only.

Thinca Co ROCE % Chart

Thinca Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-19.58

-39.19

27.09

Thinca Co Quarterly Data
	Dec21	Dec22	Sep23	Dec23
ROCE %	-	-	-	-2.13

Thinca Co ROCE % Calculation

Thinca Co'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 )
	=	98.478	/	( ( (399.776 - 86.527)	+	(536.751 - 122.937) )	/ 2 )
	=	98.478	/	( (313.249	+	413.814)	/ 2 )
	=	98.478	/	363.5315
	=	27.09 %

Thinca 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 )
	=	-8.7	/	( ( (515.271 - 111.526)	+	(536.751 - 122.937) )	/ 2 )
	=	-8.7	/	( ( 403.745	+	413.814 )	/ 2 )
	=	-8.7	/	408.7795
	=	-2.13 %

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

Thinca Co (TSE:149A) 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.

Thinca Co ROCE % Related Terms

Thank you for viewing the detailed overview of Thinca Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Thinca Co (TSE:149A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinca Co Ltd (TSE:149A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-3 Kanda-Nishiki-cho, Chiyoda-ku, Tokyo, JPN, 101-0054

Website

Thinca Co Ltd is engaged in development and distribution of communication platform "KAICLOUD", and other related business.

Thinca Co (TSE:149A) Headlines

No Headlines