Advantage Risk Management Co (TSE:8769) ROCE % : 22.20% (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Advantage Risk Management Co 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. Advantage Risk Management Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.20%.

Advantage Risk Management Co ROCE % Historical Data

The historical data trend for Advantage Risk Management Co'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.

* Premium members only.

Advantage Risk Management Co ROCE % Chart

Advantage Risk Management Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

32.56

29.86

20.60

9.27

14.79

Advantage Risk Management Co 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															20.08	40.14	5.32	2.87	22.20

Advantage Risk Management Co ROCE % Calculation

Advantage Risk Management Co'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 )
	=	548.106	/	( ( (5678.991 - 2102.411)	+	(5960.881 - 2126.729) )	/ 2 )
	=	548.106	/	( (3576.58	+	3834.152)	/ 2 )
	=	548.106	/	3705.366
	=	14.79 %

Advantage Risk Management Co'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 )
	=	883.648	/	( ( (6756.583 - 2855.798)	+	(6312.727 - 2252.566) )	/ 2 )
	=	883.648	/	( ( 3900.785	+	4060.161 )	/ 2 )
	=	883.648	/	3980.473
	=	22.20 %

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

Advantage Risk Management Co (TSE:8769) 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.

Advantage Risk Management Co ROCE % Related Terms

Thank you for viewing the detailed overview of Advantage Risk Management Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Advantage Risk Management Co (TSE:8769) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Advantage Risk Management Co Ltd (TSE:8769) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nakameguro GT Tower 17F, Tokyo, JPN, 153-0051

Website

http://www.armg.jp

Advantage Risk Management Co., Ltd provides mental health management service, disability support service, and risk financing service.

Advantage Risk Management Co (TSE:8769) Headlines

No Headlines