Trend Micro (TSE:4704) ROCE % : 27.05% (As of Mar. 2024)

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What is Trend Micro 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. Trend Micro's annualized ROCE % for the quarter that ended in Mar. 2024 was 27.05%.

Trend Micro ROCE % Historical Data

The historical data trend for Trend Micro'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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Trend Micro ROCE % Chart

Trend Micro Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.87

16.26

19.69

15.97

13.72

Trend Micro Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															16.69	15.82	23.51	0.26	27.05

Trend Micro ROCE % Calculation

Trend Micro'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 )
	=	31978	/	( ( (470799 - 232297)	+	(492628 - 265077) )	/ 2 )
	=	31978	/	( (238502	+	227551)	/ 2 )
	=	31978	/	233026.5
	=	13.72 %

Trend Micro's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	48508	/	( ( (492628 - 265077)	+	(396985 - 265902) )	/ 2 )
	=	48508	/	( ( 227551	+	131083 )	/ 2 )
	=	48508	/	179317
	=	27.05 %

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

Trend Micro (TSE:4704) 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.

Trend Micro ROCE % Related Terms

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Trend Micro (TSE:4704) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Trend Micro Inc (TSE:4704) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TMICY:USA TMI:Germany

Address

Shibuya-ku, 2-1-1 Shinjuku Maynds Tower, Yoyogi, Tokyo, JPN, 151-0053

Website

http://www.trendmicro.co.jp

Trend Micro provides antivirus and other security products that protect the flow of information on PCs, file servers, e-mail servers, and the Internet gateway. Sales have averaged 75% annual growth over the past decade. Customers include British Airways, Merrill Lynch, Microsoft, Pacific Bell, and governmental agencies in the United States and Japan.

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