Software Service (TSE:3733) ROCE % : 30.94% (As of Jan. 2024)

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What is Software Service 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. Software Service's annualized ROCE % for the quarter that ended in Jan. 2024 was 30.94%.

Software Service ROCE % Historical Data

The historical data trend for Software Service'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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Software Service ROCE % Chart

Software Service Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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19.01

15.01

17.41

18.24

22.07

Software Service Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															18.79	31.94	17.75	20.97	30.94

Software Service ROCE % Calculation

Software Service's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	6516.653	/	( ( (33734.826 - 6396.173)	+	(39916 - 8202.337) )	/ 2 )
	=	6516.653	/	( (27338.653	+	31713.663)	/ 2 )
	=	6516.653	/	29526.158
	=	22.07 %

Software Service's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	9986.02	/	( ( (39916 - 8202.337)	+	(38617.834 - 5786.905) )	/ 2 )
	=	9986.02	/	( ( 31713.663	+	32830.929 )	/ 2 )
	=	9986.02	/	32272.296
	=	30.94 %

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

Software Service (TSE:3733) 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.

Software Service ROCE % Related Terms

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Software Service (TSE:3733) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Software Service Inc (TSE:3733) » Definitions » ROCE %

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SFSVF:USA

Address

4-2-30, Miyahara, Osaka, JPN

Website

http://www.softs.co.jp

Software Service, Inc installs, develops and sells Electric Medical Record System, Hospital Total Ordering System, and nursing support system. The product line includes - Anesthesia recording system, Dialysis management system, Infection control system, Bacterial test system, Personnel payroll system, Visiting system for nursing, In-home medical care, Office-based care system, Hospital entrance care system, among others.

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