Billing System (TSE:3623) ROCE %: 0.00% (As of Dec. 2025)


TSE:3623 Billing System Corp TSE:3623
69 GF Score
Price 円1,033.00
GF Value 円1,338.16
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Billing System ROCE %?

Billing System TSE:3623 -0.10% 69 ROCE % is 0.00% as of Dec. 2025. GuruFocus rates TSE:3623 with a GF Score™ of 69/100 and a GF Value™ of 円1,338.16 (Modestly Undervalued). The stock has 3 warning signs investors should review.

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. Billing System's annualized ROCE % for the quarter that ended in Dec. 2025 was 0.00%.

Billing System  (TSE:3623) 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.

Billing System ROCE % Related Terms

Billing System ROCE % Historical Data

* Premium members only.

The historical data trend for Billing System'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.

Billing System ROCE % Chart

Billing System Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.94 21.25 18.14 22.02 19.20

Billing System Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.99 18.59 20.28 0.00 34.53
TSE:3623
69GF Score
Billing System Corp TSE:3623
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Billing System ROCE % Calculation

Billing System's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=608.293/( ( (25954.411 - 22937.659) + (30146.75 - 26828.374) )/ 2 )
=608.293/( (3016.752+3318.376)/ 2 )
=608.293/3167.564
=19.20 %

Billing System's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=0/( ( (28929.745 - 25758.478) + (30146.75 - 26828.374) )/ 2 )
=0/( ( 3171.267 + 3318.376 )/ 2 )
=0/3244.8215
=0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 0.00% mean?
Billing System (TSE:3623) has a ROCE % of 0.00% as of Dec. 2025.
Is Billing System's ROCE % too high?
Billing System's current ROCE % is 0.00%. Overall, Billing System has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Billing System's ROCE % compare to MSFT and ORCL?
Billing System's ROCE % of 0.00% can be compared against companies in the Software industry. The industry median ROCE % is 5.28. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Software company?
The median ROCE % among Software companies is 5.28, based on 2,719 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median ROCE % is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Billing System's current ROCE % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Billing System stock overvalued right now?
Based on GuruFocus' analysis, Billing System (TSE:3623) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,338.16, compared to a current price of 円1,033.00 — trading 22.8% below its estimated fair value. The current ROCE % is 0.00%. Billing System's overall GF Score™ is 69/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Billing System (TSE:3623), the current ROCE % is 0.00% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Billing System (TSE:3623) Overvalued in 2026?

Based on GuruFocus' analysis, Billing System stock appears to be undervalued. The current stock price of 円1,033.00 is trading 22.8% below its estimated GF Value™ of 円1,338.16. GuruFocus considers Billing System to be Modestly Undervalued.

Key valuation signals for TSE:3623:

  • ROCE %: 0.00%
  • GF Value™: 円1,338.16 vs. price of 円1,033.00 (22.8% below fair value)
  • GF Score™: 69/100 with 3 warning signs

No single metric tells the full story. See the TSE:3623 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Billing System Business Description

Address 1-2-2 Uchisaiwaicho, 13th Floor, Hibiya Daibiru, Chiyoda-ku, Tokyo, JPN, 100-0011
Billing System Corp offers a variety of payment services, including collection agency services, remittance support, smartphone payment service PayB, and more. It also support the introduction of in-store payments such as WeChat Pay, Alipay+, and PayPay, as well as the development and operation of WeChat mini-programs.
69GF Score

Get the complete analysis for TSE:3623

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,033.00
Price
円1,338.16
GF Value