Fit Easy (TSE:212A) ROCE % : 39.75% (As of Oct. 2024)

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What is Fit Easy 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. Fit Easy's annualized ROCE % for the quarter that ended in Oct. 2024 was 39.75%.

Fit Easy ROCE % Historical Data

The historical data trend for Fit Easy'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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Fit Easy ROCE % Chart

Fit Easy Annual Data

Trend

Oct22

Oct23

Oct24

ROCE %

3.56

47.24

47.40

Fit Easy Semi-Annual Data
	Oct22	Oct23	Apr24	Oct24
ROCE %	-	-	62.10	39.75

Fit Easy ROCE % Calculation

Fit Easy's annualized ROCE % for the fiscal year that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	1614.376	/	( ( (4106.807 - 1397.939)	+	(5866.878 - 1764.288) )	/ 2 )
	=	1614.376	/	( (2708.868	+	4102.59)	/ 2 )
	=	1614.376	/	3405.729
	=	47.40 %

Fit Easy'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 )
	=	1429.046	/	( ( (4630.662 - 1542.997)	+	(5866.878 - 1764.288) )	/ 2 )
	=	1429.046	/	( ( 3087.665	+	4102.59 )	/ 2 )
	=	1429.046	/	3595.1275
	=	39.75 %

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

Fit Easy (TSE:212A) 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.

Fit Easy ROCE % Related Terms

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Fit Easy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fit Easy Inc (TSE:212A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-2-1 Honmachi, Gifu Prefecture, Gifu, JPN, 500-8034

Website

https://www.fiteasy.co.jp

Fit Easy Inc is engaged in the Management and operation of Amusement Fitness Club.

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