Base Food (TSE:2936) ROCE % : -25.62% (As of Aug. 2024)

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What is Base Food 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. Base Food's annualized ROCE % for the quarter that ended in Aug. 2024 was -25.62%.

Base Food ROCE % Historical Data

The historical data trend for Base Food'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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Base Food ROCE % Chart

Base Food Annual Data

Trend

Feb21

Feb22

Feb23

Feb24

ROCE %

-99.35

-109.80

-85.31

-70.07

Base Food Quarterly Data
	Feb21	Feb22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial						71.42	-113.09	-144.32	-254.69	-25.62

Base Food ROCE % Calculation

Base Food'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 )
	=	-888.439	/	( ( (3609.777 - 1947.131)	+	(3276.764 - 2403.506) )	/ 2 )
	=	-888.439	/	( (1662.646	+	873.258)	/ 2 )
	=	-888.439	/	1267.952
	=	-70.07 %

Base Food's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	-159.056	/	( ( (4435.326 - 3947.137)	+	(3916.495 - 3162.997) )	/ 2 )
	=	-159.056	/	( ( 488.189	+	753.498 )	/ 2 )
	=	-159.056	/	620.8435
	=	-25.62 %

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

Base Food (TSE:2936) 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.

Base Food ROCE % Related Terms

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Base Food Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Base Food Inc (TSE:2936) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-25-2 Nakameguro, Meguro-ku, Tokyo, JPN, 153-0061

Website

https://www.basefood.co.jp

Base Food Inc is engaged in the development and sale of complete nutrition food. It offers base bread, base pasta and base cookies related products.

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