Firstlogic (TSE:6037) ROCE % : 23.27% (As of Jan. 2024)

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What is Firstlogic 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. Firstlogic's annualized ROCE % for the quarter that ended in Jan. 2024 was 23.27%.

Firstlogic ROCE % Historical Data

The historical data trend for Firstlogic'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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Firstlogic ROCE % Chart

Firstlogic Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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28.70

24.95

21.23

24.50

24.26

Firstlogic 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															23.21	24.23	23.81	24.47	23.27

Firstlogic ROCE % Calculation

Firstlogic's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	1125.392	/	( ( (4705.044 - 340.687)	+	(5412.374 - 498.792) )	/ 2 )
	=	1125.392	/	( (4364.357	+	4913.582)	/ 2 )
	=	1125.392	/	4638.9695
	=	24.26 %

Firstlogic'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 )
	=	1181.292	/	( ( (5308.941 - 348.412)	+	(5661.8 - 469.646) )	/ 2 )
	=	1181.292	/	( ( 4960.529	+	5192.154 )	/ 2 )
	=	1181.292	/	5076.3415
	=	23.27 %

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

Firstlogic (TSE:6037) 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.

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Firstlogic (TSE:6037) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Firstlogic Inc (TSE:6037) » Definitions » ROCE %

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Address

No. 16 Sumitomo Hamamatsucho Building, 8th floor, Hamamatsu-cho 1-chome 18th Minato-ku, Yubinbango, Tokyo, JPN, 105-0013

Website

http://www.firstlogic.co.jp

Firstlogic Inc operates real estate investment portal site. The Company offers services to professional, learner of real estate investment, people looking for real estate and the sale of real estate.

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