MicroAd (TSE:9553) ROCE % : 24.48% (As of Mar. 2024)

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What is MicroAd 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. MicroAd's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.48%.

MicroAd ROCE % Historical Data

The historical data trend for MicroAd'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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MicroAd ROCE % Chart

MicroAd Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

ROCE %

29.33

10.94

23.70

23.35

MicroAd Quarterly Data
	Sep20	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						45.96	11.12	-0.55	18.08	24.48

MicroAd ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	786.922	/	( ( (5925.498 - 2996.551)	+	(6844.636 - 3033.543) )	/ 2 )
	=	786.922	/	( (2928.947	+	3811.093)	/ 2 )
	=	786.922	/	3370.02
	=	23.35 %

MicroAd'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 )
	=	982.032	/	( ( (7586.483 - 3707.215)	+	(8030.546 - 3885.888) )	/ 2 )
	=	982.032	/	( ( 3879.268	+	4144.658 )	/ 2 )
	=	982.032	/	4011.963
	=	24.48 %

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

MicroAd (TSE:9553) 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.

MicroAd ROCE % Related Terms

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MicroAd (TSE:9553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MicroAd Inc (TSE:9553) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

20-1 Sakuragaoka-cho, Shibuya-ku, Shibuya Infos Tower 13th FLoor, Tokyo, JPN, 150-0031

Website

https://www.microad.co.jp

MicroAd Inc is centered on the data platform "UNIVERSE" that aggregates a huge amount of online and offline consumer behavior data of consumers. , It is developing various marketing products specialized in the industry. In addition, the company is engaged in the digital signage business, which networks outdoor vision and digital signage in various facilities, and overseas marketing consulting business, mainly in Asia.

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