Appirits (TSE:4174) ROCE % : 27.90% (As of Oct. 2023)

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What is Appirits 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. Appirits's annualized ROCE % for the quarter that ended in Oct. 2023 was 27.90%.

Appirits ROCE % Historical Data

The historical data trend for Appirits'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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Appirits ROCE % Chart

Appirits Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

ROCE %

6.76

7.60

13.26

10.61

Appirits Quarterly Data
	Jan19	Jan20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial										19.54	17.84	16.21	22.95	27.90

Appirits ROCE % Calculation

Appirits's annualized ROCE % for the fiscal year that ended in Jan. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2022 )		(A: Jan. 2021 )		(A: Jan. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2022 )		(A: Jan. 2021 )		(A: Jan. 2022 )
	=	183.979	/	( ( (2079.854 - 542.672)	+	(2815.856 - 884.816) )	/ 2 )
	=	183.979	/	( (1537.182	+	1931.04)	/ 2 )
	=	183.979	/	1734.111
	=	10.61 %

Appirits's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	763.108	/	( ( (4408.544 - 1699.328)	+	(4483.738 - 1721.959) )	/ 2 )
	=	763.108	/	( ( 2709.216	+	2761.779 )	/ 2 )
	=	763.108	/	2735.4975
	=	27.90 %

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

Appirits (TSE:4174) 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.

Appirits ROCE % Related Terms

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Appirits (TSE:4174) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Appirits Inc (TSE:4174) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-27-8 Jingumae, Kyocera Harajuku Building 5th Floor, Shibuya-ku, Tokyo, JPN, 150-0001

Website

https://www.appirits.com

Appirits Inc is primarily involved in the business such as entertainment services and web system development.

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