Neuromagic Co (TSE:251A) ROCE % : 3.90% (As of Feb. 2024)

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What is Neuromagic 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. Neuromagic Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 3.90%.

Neuromagic Co ROCE % Historical Data

The historical data trend for Neuromagic 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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Neuromagic Co ROCE % Chart

Neuromagic Co Annual Data

Trend

Feb23

Feb24

ROCE %

8.01

3.90

Neuromagic Co Semi-Annual Data
	Feb23	Feb24
ROCE %	8.01	3.90

Neuromagic Co ROCE % Calculation

Neuromagic Co's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	16.26	/	( ( (701.222 - 265.67)	+	(642.371 - 245.104) )	/ 2 )
	=	16.26	/	( (435.552	+	397.267)	/ 2 )
	=	16.26	/	416.4095
	=	3.90 %

Neuromagic Co's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Feb. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Feb. 2023 )		(Q: Feb. 2024 )
	=	16.26	/	( ( (701.222 - 265.67)	+	(642.371 - 245.104) )	/ 2 )
	=	16.26	/	( ( 435.552	+	397.267 )	/ 2 )
	=	16.26	/	416.4095
	=	3.90 %

(1) Note: The EBIT data used here is one times the annual (Feb. 2024) EBIT data.

Neuromagic Co (TSE:251A) 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.

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Neuromagic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Neuromagic Co Ltd (TSE:251A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-16-1 Tsukiji, Tsukiji 616 Building 3rd Floor, Chuo-ku, Tokyo, JPN, 104-0045

Website

https://www.neuromagic.com

Neuromagic Co Ltd is an experience design company with the slogan Experience Agency. It pursues the best experience by considering everything from business requirements and business processes including backstage to social and cultural background and environment. The company is specialized in web production, digital contents development, graphic design, service design, consulting, web design, UX, design research, and SX.

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