Right On Co (FRA:RGH) ROCE %

: -24.72% (As of Feb. 2024)

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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. Right On Co's annualized ROCE % for the quarter that ended in Feb. 2024 was -24.72%.

Right On Co ROCE % Historical Data

The historical data trend for Right On 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.

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Right On Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

-16.83

-20.11

-9.10

-1.49

-11.31

Right On Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %																-0.08	-2.74	-48.27	-15.54	-24.72

Right On Co ROCE % Calculation

Right On Co's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-14.289	/	( ( (248.349 - 97.72)	+	(171.023 - 68.886) )	/ 2 )
	=	-14.289	/	( (150.629	+	102.137)	/ 2 )
	=	-14.289	/	126.383
	=	-11.31 %

Right On Co's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-21.736	/	( ( (167.806 - 75.153)	+	(149.142 - 65.912) )	/ 2 )
	=	-21.736	/	( ( 92.653	+	83.23 )	/ 2 )
	=	-21.736	/	87.9415
	=	-24.72 %

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

Right On Co (FRA:RGH) 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.

Right On Co ROCE % Related Terms

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Right On Co (FRA:RGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Right On Co Ltd (FRA:RGH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

7445:Japan

Address

1-11-1 Azuma, Ibaraki, Tsukuba-shi, JPN, 305-8503

Website

http://www.right-on.co.jp

Right On Co Ltd is a Japanese company engaged in selling casual wear through its stores. It offers jeans to various customers of all ages and genders. Its products include wash denim, water-repellent denim, and all-around stretch pants. It sells its products through online and nationwide chain store located in shopping centers, power centers, and station buildings, urban street stores, and suburban roadside stores.

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