Planet (TSE:2391) ROCE % : 11.89% (As of Jan. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Planet 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. Planet's annualized ROCE % for the quarter that ended in Jan. 2024 was 11.89%.

Planet ROCE % Historical Data

The historical data trend for Planet'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.

* Premium members only.

Planet ROCE % Chart

Planet Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

Get a 7-Day Free Trial

14.33

14.97

13.90

12.80

10.76

Planet Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															9.74	8.56	12.49	9.06	11.89

Planet ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	625.733	/	( ( (6273.752 - 566.045)	+	(6366.923 - 444.145) )	/ 2 )
	=	625.733	/	( (5707.707	+	5922.778)	/ 2 )
	=	625.733	/	5815.2425
	=	10.76 %

Planet'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 )
	=	683.676	/	( ( (6108.497 - 451.471)	+	(6245.829 - 402.4) )	/ 2 )
	=	683.676	/	( ( 5657.026	+	5843.429 )	/ 2 )
	=	683.676	/	5750.2275
	=	11.89 %

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

Planet (TSE:2391) 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.

Planet ROCE % Related Terms

Thank you for viewing the detailed overview of Planet's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Planet (TSE:2391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Planet Inc (TSE:2391) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bunka Hoso Media Plus Building, Nippon Cultural Broadcasting, 3rd Floor 1-31 Hamamatsucho, Minato-ku, Tokyo, JPN, 105 0013

Website

http://www.planet-van.co.jp

Planet,Inc. is engaged in the construction, provision and operation of electronic data interchange (EDI) backbone platform. Services offered by the company include EDI (data exchange), Product database and Buyers' Net. EDI (data exchange) includes electronic data exchange with manufacturers, wholesale businesses and material suppliers such as ordering, shipping, billing/payment. Product database is a service that provides merchandise information registered by manufacturers in the distribution industry from the Internet. Buyers' Net is an information provision service on the Internet that efficiently supports information exchange between manufacturers, wholesale businesses and retailers. It provides information such as product information, industry news and company campaigns.

Planet (TSE:2391) Headlines

No Headlines