NeoJapan (TSE:3921) ROCE % : 11.90% (As of Jan. 2024)

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What is NeoJapan 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. NeoJapan's annualized ROCE % for the quarter that ended in Jan. 2024 was 11.90%.

NeoJapan ROCE % Historical Data

The historical data trend for NeoJapan'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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NeoJapan ROCE % Chart

NeoJapan Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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17.60

20.54

23.40

22.45

21.74

NeoJapan Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															18.27	26.37	18.85	31.92	11.90

NeoJapan ROCE % Calculation

NeoJapan's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	1398.304	/	( ( (8025.505 - 1902.131)	+	(8622.954 - 1884.455) )	/ 2 )
	=	1398.304	/	( (6123.374	+	6738.499)	/ 2 )
	=	1398.304	/	6430.9365
	=	21.74 %

NeoJapan's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	791.428	/	( ( (8393.96 - 1826.686)	+	(8622.954 - 1884.455) )	/ 2 )
	=	791.428	/	( ( 6567.274	+	6738.499 )	/ 2 )
	=	791.428	/	6652.8865
	=	11.90 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

NeoJapan (TSE:3921) 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.

NeoJapan ROCE % Related Terms

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NeoJapan (TSE:3921) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » NeoJapan Inc (TSE:3921) » Definitions » ROCE %

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NEOJF:USA

Address

2-2-1 Minatomirai, Nishi-ku, 10th Floor, Yokohama Landmark Tower, Kanagawa-ken, Yokohama, JPN, 220-8110

Website

http://www.neo.co.jp

NeoJapan Inc develops and provides Internet application software, which includes a web-based groupware for information sharing within a firm. The firm mainly provides package software, application service and system integration. It offers desknet's NEO, a groupware software; AppSuite, a tool to create custom business applications; ChatLuck, a chat-based business communication tool; and desknet's DB, an online database system, which enables sharing of information. It also provides Denbun, a Web-based email system for corporate clients that manages, sends, and receives emails through a Web browser; desknet's DAX, a file transfer system; desknet's SSS, a Web-based sales management system; desknet's CAMS, a Web-based customer relationship management system; and desknet's Blog, a blog system.

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