Soracom (TSE:147A) ROCE % : 0.00% (As of Dec. 2023)

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What is Soracom 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. Soracom's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Soracom ROCE % Historical Data

The historical data trend for Soracom'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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Soracom ROCE % Chart

Soracom Annual Data

Trend

Mar22

Mar23

ROCE %

12.21

4.45

Soracom Quarterly Data
	Mar22	Mar23	Dec23
ROCE %	-	-	-

Soracom ROCE % Calculation

Soracom'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 )
	=	175.858	/	( ( (5634.577 - 1736.369)	+	(5663.284 - 1649.25) )	/ 2 )
	=	175.858	/	( (3898.208	+	4014.034)	/ 2 )
	=	175.858	/	3956.121
	=	4.45 %

Soracom'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: Mar. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Mar. 2023 )		(Q: Dec. 2023 )
	=	0	/	( ( (5663.284 - 1649.25)	+	(5984.207 - 1463.43) )	/ 2 )
	=	0	/	( ( 4014.034	+	4520.777 )	/ 2 )
	=	0	/	4267.4055
	=	0.00 %

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

Soracom (TSE:147A) 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.

Soracom ROCE % Related Terms

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Soracom (TSE:147A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Soracom Inc (TSE:147A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd floor Ojima building, 4-5-6 Tamagawa, Setagaya-ku, Tokyo, JPN, 158-0094

Website

https://www.soracom.com

Soracom Inc is engaged in development and provision of the IoT platform SORACOM. IoT platform SORACOM provides one-stop IoT devices, communications, applications, etc.

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