Enish (TSE:3667) ROCE % : -233.72% (As of Jun. 2024)

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What is Enish 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. Enish's annualized ROCE % for the quarter that ended in Jun. 2024 was -233.72%.

Enish ROCE % Historical Data

The historical data trend for Enish'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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Enish ROCE % Chart

Enish Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-136.79

-123.53

-33.80

-43.36

-159.40

Enish Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-357.43	-174.35	-275.92	-156.30	-233.72

Enish ROCE % Calculation

Enish'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 )
	=	-1309.49	/	( ( (2250.219 - 1120.008)	+	(1893.395 - 1380.564) )	/ 2 )
	=	-1309.49	/	( (1130.211	+	512.831)	/ 2 )
	=	-1309.49	/	821.521
	=	-159.40 %

Enish's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-1592.984	/	( ( (1698.624 - 1291.81)	+	(2048.876 - 1092.507) )	/ 2 )
	=	-1592.984	/	( ( 406.814	+	956.369 )	/ 2 )
	=	-1592.984	/	681.5915
	=	-233.72 %

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

Enish (TSE:3667) 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.

Enish ROCE % Related Terms

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Enish Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Enish Inc (TSE:3667) » Definitions » ROCE %

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Address

1-13-1 Hiroo Fuji Machinery Building, 6F- 8F Hiroo, Shibuya-ku, Tokyo, JPN

Website

http://www.enish.jp

Enish Inc is a Japan-based company engaged in mobile games business, including the planning, developing and providing social apps through the Internet. The social apps developed by the company are provided through social game platforms such as GREE, and it pays system usage fees while outsourcing fee collection to these social game platform operators.

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