Ascentech KK (TSE:3565) ROCE % : 10.68% (As of Jul. 2024)

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What is Ascentech 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. Ascentech KK's annualized ROCE % for the quarter that ended in Jul. 2024 was 10.68%.

Ascentech KK ROCE % Historical Data

The historical data trend for Ascentech 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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Ascentech KK ROCE % Chart

Ascentech KK Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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28.42

31.42

31.67

24.45

20.83

Ascentech KK Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial															26.83	9.04	20.42	19.13	10.68

Ascentech KK ROCE % Calculation

Ascentech KK's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	607.282	/	( ( (3897.415 - 1227.186)	+	(4621.571 - 1459.756) )	/ 2 )
	=	607.282	/	( (2670.229	+	3161.815)	/ 2 )
	=	607.282	/	2916.022
	=	20.83 %

Ascentech KK's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	350.412	/	( ( (5391.318 - 2136.088)	+	(6170.414 - 2864.076) )	/ 2 )
	=	350.412	/	( ( 3255.23	+	3306.338 )	/ 2 )
	=	350.412	/	3280.784
	=	10.68 %

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

Ascentech KK (TSE:3565) 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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Ascentech KK Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ascentech KK (TSE:3565) » Definitions » ROCE %

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Address

9th floor, Kanda Warabi-cho, Chiyoda-ku, Tokyo, JPN, 171-0022

Website

https://www.ascentech.co.jp

Ascentech KK is engaged in product development and sales for Virtual Desktop Infrastructure and IT infrastructure solutions with technical consultation and support services. It also provides cloud services. Its services include VDI consulting service, infrastructure solution services, storage migration services.

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