PIALA (TSE:7044) ROCE % : -162.55% (As of Dec. 2023)

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What is PIALA 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. PIALA's annualized ROCE % for the quarter that ended in Dec. 2023 was -162.55%.

PIALA ROCE % Historical Data

The historical data trend for PIALA'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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PIALA ROCE % Chart

PIALA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.98

21.37

-9.69

-11.56

-62.21

PIALA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-42.25	-6.91	-10.14	-97.13	-162.55

PIALA ROCE % Calculation

PIALA'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 )
	=	-864.846	/	( ( (4859.032 - 2870.001)	+	(3543.386 - 2751.93) )	/ 2 )
	=	-864.846	/	( (1989.031	+	791.456)	/ 2 )
	=	-864.846	/	1390.2435
	=	-62.21 %

PIALA'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 )
	=	-1663.284	/	( ( (4077.682 - 2822.672)	+	(3543.386 - 2751.93) )	/ 2 )
	=	-1663.284	/	( ( 1255.01	+	791.456 )	/ 2 )
	=	-1663.284	/	1023.233
	=	-162.55 %

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

PIALA (TSE:7044) 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.

PIALA ROCE % Related Terms

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PIALA (TSE:7044) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » PIALA Inc (TSE:7044) » Definitions » ROCE %

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Address

29th Floor, Yebisu Garden Place Tower, 4-20-3 Ebisu, Shibuya-ku, Tokyo, JPN, 150-6029

Website

https://www.piala.co.jp

PIALA Inc provides marketing automation solutions to clients. It develops various services as a general support for its clients, such as solution for real/web media, big data analysis and consultation. It offers marketing, event, system/apps development, design and others services.

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