1st Holdings, (TSE:3644) ROCE % : 40.21% (As of May. 2013)

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What is 1st Holdings, 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. 1st Holdings,'s annualized ROCE % for the quarter that ended in May. 2013 was 40.21%.

1st Holdings, ROCE % Historical Data

The historical data trend for 1st Holdings,'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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1st Holdings, ROCE % Chart

1st Holdings, Annual Data

Trend

Feb10

Feb11

Feb12

ROCE %

50.73

57.98

55.40

1st Holdings, Quarterly Data
	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13
ROCE %	Get a 7-Day Free Trial					53.73	51.81	41.17	43.46	40.21

1st Holdings, ROCE % Calculation

1st Holdings,'s annualized ROCE % for the fiscal year that ended in Feb. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2012 )		(A: Feb. 2011 )		(A: Feb. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2012 )		(A: Feb. 2011 )		(A: Feb. 2012 )
	=	4201.24	/	( ( (10018.835 - 3601.692)	+	(14853.734 - 6104.673) )	/ 2 )
	=	4201.24	/	( (6417.143	+	8749.061)	/ 2 )
	=	4201.24	/	7583.102
	=	55.40 %

1st Holdings,'s ROCE % of for the quarter that ended in May. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2013 )		(Q: Feb. 2013 )		(Q: May. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2013 )		(Q: Feb. 2013 )		(Q: May. 2013 )
	=	3161.632	/	( ( (14326.071 - 5429.653)	+	(13995.98 - 7165.734) )	/ 2 )
	=	3161.632	/	( ( 8896.418	+	6830.246 )	/ 2 )
	=	3161.632	/	7863.332
	=	40.21 %

(1) Note: The EBIT data used here is four times the quarterly (May. 2013) EBIT data.

1st Holdings, (TSE:3644) 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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1st Holdings, (TSE:3644) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 1st Holdings, Inc. (TSE:3644) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.1st-hd.com

1st Holdings, Inc. provides valuable creative software.

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