Heartseed (TSE:219A) ROCE % : -28.19% (As of Apr. 2024)

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What is Heartseed 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. Heartseed's annualized ROCE % for the quarter that ended in Apr. 2024 was -28.19%.

Heartseed ROCE % Historical Data

The historical data trend for Heartseed'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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Heartseed ROCE % Chart

Heartseed Annual Data

Trend

Oct22

Oct23

ROCE %

-29.40

-28.35

Heartseed Semi-Annual Data
	Oct22	Oct23	Apr24
ROCE %	-	-	-28.19

Heartseed ROCE % Calculation

Heartseed's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-1455.838	/	( ( (4936.004 - 142.395)	+	(5719.751 - 244.062) )	/ 2 )
	=	-1455.838	/	( (4793.609	+	5475.689)	/ 2 )
	=	-1455.838	/	5134.649
	=	-28.35 %

Heartseed'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: Oct. 2023 )		(Q: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2024 )		(Q: Oct. 2023 )		(Q: Apr. 2024 )
	=	-1438.49	/	( ( (5719.751 - 244.062)	+	(4965.556 - 235.573) )	/ 2 )
	=	-1438.49	/	( ( 5475.689	+	4729.983 )	/ 2 )
	=	-1438.49	/	5102.836
	=	-28.19 %

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

Heartseed (TSE:219A) 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.

Heartseed ROCE % Related Terms

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Heartseed Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Heartseed Inc (TSE:219A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2-3 Shibaura, Minato-ku, Tokyo, JPN, 105-0023

Website

https://heartseed.jp/en

Heartseed Inc is engaged in developing and commercializing iPS cell-derived cardiomyocyte replacement therapy for advanced heart failure.

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