Zetton (NGO:3057) ROCE % : -16.20% (As of Jan. 2024)

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What is Zetton 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. Zetton's annualized ROCE % for the quarter that ended in Jan. 2024 was -16.20%.

Zetton ROCE % Historical Data

The historical data trend for Zetton'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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Zetton ROCE % Chart

Zetton Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Jan24

ROCE %

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30.17

30.41

-91.57

28.59

2.53

Zetton Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-1.34	-9.67	24.79	11.47	-16.20

Zetton ROCE % Calculation

Zetton's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Feb. 2022 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Feb. 2022 )		(A: Jan. 2024 )
	=	114.009	/	( ( (5220.924 - 2015.865)	+	(7685.462 - 1860.915) )	/ 2 )
	=	114.009	/	( (3205.059	+	5824.547)	/ 2 )
	=	114.009	/	4514.803
	=	2.53 %

Zetton's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-901.4	/	( ( (7298.594 - 1997.265)	+	(7685.462 - 1860.915) )	/ 2 )
	=	-901.4	/	( ( 5301.329	+	5824.547 )	/ 2 )
	=	-901.4	/	5562.938
	=	-16.20 %

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

Zetton (NGO:3057) 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.

Zetton ROCE % Related Terms

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Zetton (NGO:3057) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Zetton Inc (NGO:3057) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 chome No. 23 Mita NN building, 18th floor, Shiba, Minato-ku, Yubinbango, Tokyo, JPN, 108-0014

Website

http://www.zetton.co.jp

Zetton Inc is engaged in public facility development projects and development projects for commercial stores. It provides consulting services for eating and drinking establishments. It also provides restaurant course meal ticket.

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