Internet Initiative Japan (TSE:3774) ROCE % : 19.51% (As of Dec. 2023)

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What is Internet Initiative Japan 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. Internet Initiative Japan's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.51%.

Internet Initiative Japan ROCE % Historical Data

The historical data trend for Internet Initiative Japan'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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Internet Initiative Japan ROCE % Chart

Internet Initiative Japan Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.52

6.09

10.14

16.34

17.23

Internet Initiative Japan 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															18.80	20.49	13.78	17.74	19.51

Internet Initiative Japan ROCE % Calculation

Internet Initiative Japan'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 )
	=	27861	/	( ( (231805 - 76777)	+	(246318 - 77864) )	/ 2 )
	=	27861	/	( (155028	+	168454)	/ 2 )
	=	27861	/	161741
	=	17.23 %

Internet Initiative Japan'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 )
	=	32388	/	( ( (259108 - 92768)	+	(262530 - 96861) )	/ 2 )
	=	32388	/	( ( 166340	+	165669 )	/ 2 )
	=	32388	/	166004.5
	=	19.51 %

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

Internet Initiative Japan (TSE:3774) 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.

Internet Initiative Japan ROCE % Related Terms

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Internet Initiative Japan (TSE:3774) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Internet Initiative Japan Inc (TSE:3774) » Definitions » ROCE %

Comparable Companies

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IIJIF:USA IIJIY:USA IIJ:Germany

Address

Iidabashi Grand Bloom, 2-10-2 Fujimi, Chiyoda-ku, Tokyo, JPN, 102-0071

Website

https://www.iij.ad.jp

Internet Initiative Japan Inc. is a provider of a variety of services including Internet access, outsourcing, and systems integration. Its Internet access services span dial-up, mobile, and broadband technologies. Its wide area network services allow secure data sharing over Internet virtual private networks, independently developed routers, and closed wide area networks. Its outsourcing services include cloud, content delivery, data center, and security services. The firm generates nearly all its revenue in Japan.

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