Manabi-aid Co (TSE:184A) ROCE % : 196.65% (As of Apr. 2024)

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What is Manabi-aid 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. Manabi-aid Co's annualized ROCE % for the quarter that ended in Apr. 2024 was 196.65%.

Manabi-aid Co ROCE % Historical Data

The historical data trend for Manabi-aid 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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Manabi-aid Co ROCE % Chart

Manabi-aid Co Annual Data

Trend

Apr22

Apr23

Apr24

ROCE %

-50.67

61.50

49.16

Manabi-aid Co Quarterly Data
	Apr22	Apr23	Apr24
ROCE %	-202.68	246.00	196.65

Manabi-aid Co ROCE % Calculation

Manabi-aid 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 )
	=	142.974	/	( ( (369.742 - 124.055)	+	(452.334 - 116.371) )	/ 2 )
	=	142.974	/	( (245.687	+	335.963)	/ 2 )
	=	142.974	/	290.825
	=	49.16 %

Manabi-aid Co's ROCE % of for the quarter that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2024 )		(Q: Apr. 2023 )		(Q: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2024 )		(Q: Apr. 2023 )		(Q: Apr. 2024 )
	=	571.896	/	( ( (369.742 - 124.055)	+	(452.334 - 116.371) )	/ 2 )
	=	571.896	/	( ( 245.687	+	335.963 )	/ 2 )
	=	571.896	/	290.825
	=	196.65 %

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

Manabi-aid Co (TSE:184A) 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.

Manabi-aid Co ROCE % Related Terms

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Manabi-aid Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Manabi-aid Co Ltd (TSE:184A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-17-9 Hongo, Bunkyo-ku, Tokyo, JPN, 113-0033

Website

https://www.manabi-aid.jp

Manabi-aid Co Ltd is engaged in planning, development and provision of educational services via the Internet / Consulting for educational institutions / Management of cram schools.

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