Soliton Systems KK (TSE:3040) ROCE % : 19.96% (As of Mar. 2024)

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What is Soliton Systems KK 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. Soliton Systems KK's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.96%.

Soliton Systems KK ROCE % Historical Data

The historical data trend for Soliton Systems KK'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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Soliton Systems KK ROCE % Chart

Soliton Systems KK Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.90

21.31

31.72

25.31

26.86

Soliton Systems KK Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															29.30	14.34	33.54	31.16	19.96

Soliton Systems KK ROCE % Calculation

Soliton Systems KK's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	2808	/	( ( (19261 - 9576)	+	(22624 - 11402) )	/ 2 )
	=	2808	/	( (9685	+	11222)	/ 2 )
	=	2808	/	10453.5
	=	26.86 %

Soliton Systems KK's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	2248	/	( ( (22624 - 11402)	+	(21648 - 10341) )	/ 2 )
	=	2248	/	( ( 11222	+	11307 )	/ 2 )
	=	2248	/	11264.5
	=	19.96 %

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

Soliton Systems KK (TSE:3040) 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.

Soliton Systems KK ROCE % Related Terms

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Soliton Systems KK (TSE:3040) Business Description

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N/A

Address

2-4-3 Shinjuku, Shinjuku-ku, Tokyo, JPN

Website

http://www.soliton.co.jp

Soliton Systems K.K is engaged in IT security business, Video communication business, and Eco-device business. The IT security business involves the development and sale of products such as information leakage countermeasure, login authentication by electronic certificate, big data recording, cybersecurity measures, enterprise cloud service, and enterprise network integration. The Video communication business involves development and sales of "Smart-telecaster", a high-quality real-time image transmission system using mobile lines and Eco-device business engages in the development and sales of analog / digital mixed semiconductor devices and embedded systems.

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