ELWS (Earlyworks Co) ROCE % : -68.68% (As of Oct. 2024)

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What is Earlyworks 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. Earlyworks Co's annualized ROCE % for the quarter that ended in Oct. 2024 was -68.68%.

Earlyworks Co ROCE % Historical Data

The historical data trend for Earlyworks 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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Earlyworks Co ROCE % Chart

Earlyworks Co Annual Data

Trend

Apr21

Apr22

Apr23

Apr24

ROCE %

-22.22

-105.71

-81.54

-95.37

Earlyworks Co Semi-Annual Data
	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
ROCE %	Get a 7-Day Free Trial			-70.69	-101.97	-85.84	-64.27	-68.68

Earlyworks Co ROCE % Calculation

Earlyworks Co's annualized ROCE % for the fiscal year that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	-2.175	/	( ( (3.394 - 1.319)	+	(3.74 - 1.254) )	/ 2 )
	=	-2.175	/	( (2.075	+	2.486)	/ 2 )
	=	-2.175	/	2.2805
	=	-95.37 %

Earlyworks Co's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Apr. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Apr. 2024 )		(Q: Oct. 2024 )
	=	-1.454	/	( ( (3.74 - 1.254)	+	(2.536 - 0.788) )	/ 2 )
	=	-1.454	/	( ( 2.486	+	1.748 )	/ 2 )
	=	-1.454	/	2.117
	=	-68.68 %

(1) Note: The EBIT data used here is two times the semi-annual (Oct. 2024) EBIT data.

Earlyworks Co (NAS:ELWS) 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.

Earlyworks Co ROCE % Related Terms

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Earlyworks Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Earlyworks Co Ltd (NAS:ELWS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-7-11, Ueno, Taito-ku, Tokyo, JPN, 110-0005

Website

https://e-arly.works

Earlyworks Co Ltd is a blockchain-based technology company. It builds products, delivers services, and develops solutions based on a proprietary grid ledger system to leverage blockchain technology in various business settings, including advertisement tracking, online visitor management, and sales of non-fungible tokens. The company's customers represent a diverse range of industries, such as information technology, shipping, real estate, entertainment, cosmetics, and chemical products.