Interspace Co (TSE:2122) ROCE % : 9.39% (As of Dec. 2023)

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What is Interspace 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. Interspace Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.39%.

Interspace Co ROCE % Historical Data

The historical data trend for Interspace 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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Interspace Co ROCE % Chart

Interspace Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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15.47

8.82

11.81

19.47

16.09

Interspace 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															21.43	19.70	8.18	15.48	9.39

Interspace Co ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	906.796	/	( ( (11066.927 - 5643.046)	+	(11094.044 - 5244.504) )	/ 2 )
	=	906.796	/	( (5423.881	+	5849.54)	/ 2 )
	=	906.796	/	5636.7105
	=	16.09 %

Interspace 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 )
	=	544.1	/	( ( (11094.044 - 5244.504)	+	(10897.677 - 5156.378) )	/ 2 )
	=	544.1	/	( ( 5849.54	+	5741.299 )	/ 2 )
	=	544.1	/	5795.4195
	=	9.39 %

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

Interspace Co (TSE:2122) 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.

Interspace Co ROCE % Related Terms

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Interspace Co (TSE:2122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Interspace Co Ltd (TSE:2122) » Definitions » ROCE %

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Address

2-4-1 Nishishinjuku, 8th Floor Shinjuku NS Building, Shinjuku-ku, Tokyo, JPN, 163-0808

Website

http://www.interspace.ne.jp

Interspace Co Ltd is engaged in Internet-based business. The company offers Internet marketing solutions through affiliate program services. The company operates online media contents in fortune-telling, professional baseball player's fun site, and child caring site for young mothers; and offers search engine optimization services. The company also operates a price comparison website. The company also provides consulting services for Merchant and partners.

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