Aoba-BBT (TSE:2464) ROCE % : 4.74% (As of Dec. 2023)

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What is Aoba-BBT 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. Aoba-BBT's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.74%.

Aoba-BBT ROCE % Historical Data

The historical data trend for Aoba-BBT'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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Aoba-BBT ROCE % Chart

Aoba-BBT Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.75

3.80

1.59

7.62

19.66

Aoba-BBT 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															7.40	-10.57	2.90	14.46	4.74

Aoba-BBT ROCE % Calculation

Aoba-BBT'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 )
	=	1115.666	/	( ( (8854.84 - 3014.16)	+	(8618.375 - 3108.89) )	/ 2 )
	=	1115.666	/	( (5840.68	+	5509.485)	/ 2 )
	=	1115.666	/	5675.0825
	=	19.66 %

Aoba-BBT'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 )
	=	247.064	/	( ( (8038.56 - 2717.142)	+	(7626.566 - 2532.088) )	/ 2 )
	=	247.064	/	( ( 5321.418	+	5094.478 )	/ 2 )
	=	247.064	/	5207.948
	=	4.74 %

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

Aoba-BBT (TSE:2464) 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.

Aoba-BBT ROCE % Related Terms

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Aoba-BBT (TSE:2464) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Aoba-BBT Inc (TSE:2464) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-7 Rokubancho, hmae@work Building, Chiyoda-ku, Tokyo, JPN, 102-0085

Website

https://www.aoba-bbt.com

Aoba-BBT Inc is engaged in the provision of the education business. The company provides e-learning business and management solutions. It also engages in the management of education business and content business.

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