Alpha Group (TSE:3322) ROCE % : 19.73% (As of Dec. 2023)

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What is Alpha Group 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. Alpha Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.73%.

Alpha Group ROCE % Historical Data

The historical data trend for Alpha Group'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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Alpha Group ROCE % Chart

Alpha Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.39

15.47

6.40

12.95

8.08

Alpha Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															10.51	-0.90	13.04	10.27	19.73

Alpha Group ROCE % Calculation

Alpha Group's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	450.91	/	( ( (8641.784 - 3160.657)	+	(9248.338 - 3564.52) )	/ 2 )
	=	450.91	/	( (5481.127	+	5683.818)	/ 2 )
	=	450.91	/	5582.4725
	=	8.08 %

Alpha Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1082.364	/	( ( (8595.492 - 3255.803)	+	(8665.027 - 3033.389) )	/ 2 )
	=	1082.364	/	( ( 5339.689	+	5631.638 )	/ 2 )
	=	1082.364	/	5485.6635
	=	19.73 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Alpha Group (TSE:3322) 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.

Alpha Group ROCE % Related Terms

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Alpha Group (TSE:3322) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Alpha Group Inc (TSE:3322) » Definitions » ROCE %

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Address

14 Floor Higashi 1 - Chome Shibuya - ku, Tokyo Building Higashi Shibuya Building, Tokyo, JPN

Website

http://www.alpha-grp.co.jp

Alpha Group Inc is engaged in the sale of mobile phones and support services in Japan. It offers mobile communication terminal and brokers subscription of communication services, agency services of mail-order trading of office supplies for end-users. The company also provides Environmental Goods such as water delivery and sale of water dispenser; develops, operates, and manages power generation facilities.

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