Nulab (TSE:5033) ROCE % : 61.14% (As of Dec. 2023)

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What is Nulab 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. Nulab's annualized ROCE % for the quarter that ended in Dec. 2023 was 61.14%.

Nulab ROCE % Historical Data

The historical data trend for Nulab'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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Nulab ROCE % Chart

Nulab Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

-11.60

-6.03

50.19

12.57

Nulab Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial						31.41	7.98	34.94	48.80	61.14

Nulab ROCE % Calculation

Nulab'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 )
	=	86.678	/	( ( (1618.567 - 1208.58)	+	(2611.4 - 1642.528) )	/ 2 )
	=	86.678	/	( (409.987	+	968.872)	/ 2 )
	=	86.678	/	689.4295
	=	12.57 %

Nulab'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 )
	=	792.912	/	( ( (3111.062 - 1893.88)	+	(3362.441 - 1986.041) )	/ 2 )
	=	792.912	/	( ( 1217.182	+	1376.4 )	/ 2 )
	=	792.912	/	1296.791
	=	61.14 %

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

Nulab (TSE:5033) 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.

Nulab ROCE % Related Terms

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Nulab (TSE:5033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nulab Inc (TSE:5033) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-8-6 Daimyo, Chuo-ku, Fukuoka-shi, Fukuoka, JPN, 810-0041

Website

https://www.nulab.com

Nulab Inc is engaged in the development and provision of cloud services such as Backlog- project management tool, Cacoo - online drawing tool and Typetalk a business chat tool.

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