PR TIMES (TSE:3922) ROCE % : 45.60% (As of Nov. 2023)

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What is PR TIMES 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. PR TIMES's annualized ROCE % for the quarter that ended in Nov. 2023 was 45.60%.

PR TIMES ROCE % Historical Data

The historical data trend for PR TIMES'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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PR TIMES ROCE % Chart

PR TIMES Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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27.04

23.70

71.84

58.49

27.67

PR TIMES Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															16.44	8.25	30.13	44.93	45.60

PR TIMES ROCE % Calculation

PR TIMES's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	1135.724	/	( ( (4831.057 - 1089.046)	+	(5265.368 - 798.748) )	/ 2 )
	=	1135.724	/	( (3742.011	+	4466.62)	/ 2 )
	=	1135.724	/	4104.3155
	=	27.67 %

PR TIMES's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	2401.988	/	( ( (6149.15 - 1080.709)	+	(6584.947 - 1117.28) )	/ 2 )
	=	2401.988	/	( ( 5068.441	+	5467.667 )	/ 2 )
	=	2401.988	/	5268.054
	=	45.60 %

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

PR TIMES (TSE:3922) 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.

PR TIMES ROCE % Related Terms

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PR TIMES (TSE:3922) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » PR TIMES Corp (TSE:3922) » Definitions » ROCE %

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Address

1-11-44 Akasaka, Akasaka Intercity, 8th Floor, Minato-ku, Tokyo, JPN, 107-0052

Website

https://www.prtimes.jp

PR TIMES Corp provides news release distribution services in Japan and internationally. The company operates platform business, which connects companies and consumers with news. Its company users use PR TIMES in news spreading, such as publish of new products and services, notice of events and campaign, and performance trends release to get a high return on investment. It offers PR strategy/tactics planning, media/SNS planning design, and content creation promotion, as well as press release distribution services.

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