JFE Systems (JFE Systems) ROCE % : 24.14% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is JFE Systems 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. JFE Systems's annualized ROCE % for the quarter that ended in Dec. 2023 was 24.14%.

JFE Systems ROCE % Historical Data

The historical data trend for JFE Systems'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.

* Premium members only.

JFE Systems ROCE % Chart

JFE Systems Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

21.81

18.22

19.45

19.55

21.04

JFE Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															21.61	22.07	27.02	24.14	15.39

JFE Systems ROCE % Calculation

JFE Systems's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	49.766	/	( ( (318.388 - 81.401)	+	(313.149 - 77.139) )	/ 2 )
	=	49.766	/	( (236.987	+	236.01)	/ 2 )
	=	49.766	/	236.4985
	=	21.04 %

JFE Systems'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 )
	=	56.164	/	( ( (304.356 - 76.854)	+	(316.875 - 79.106) )	/ 2 )
	=	56.164	/	( ( 227.502	+	237.769 )	/ 2 )
	=	56.164	/	232.6355
	=	24.14 %

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

JFE Systems (OTCPK:JFEYF) 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.

JFE Systems ROCE % Related Terms

Thank you for viewing the detailed overview of JFE Systems's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

JFE Systems (JFE Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » JFE Systems Inc (OTCPK:JFEYF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4832:Japan

Address

1-3-2 Shibaura Minato-ku, Sea Bank S Building, Tokyo, JPN, 105-0023

Website

http://www.jfe-systems.com

JFE Systems Inc is a Japan-based computer integrated systems design company. It is mainly engaged in the planning, design, development, and maintenance of computer systems. It offers industry solutions. business solutions, and infrastructure solutions. The company builds solutions for financial sectors, the food industry, and the manufacturing sector. It is also engaged in the application development and maintenance services.

JFE Systems (JFE Systems) Headlines

No Headlines