Keyware Solutions (TSE:3799) ROCE % : 15.05% (As of Dec. 2023)

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What is Keyware Solutions 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. Keyware Solutions's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.05%.

Keyware Solutions ROCE % Historical Data

The historical data trend for Keyware Solutions'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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Keyware Solutions ROCE % Chart

Keyware Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.23

8.19

12.09

11.14

9.38

Keyware Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															12.10	16.55	1.99	14.26	15.05

Keyware Solutions ROCE % Calculation

Keyware Solutions's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	737.179	/	( ( (10745.099 - 3167.837)	+	(11153.265 - 3015.242) )	/ 2 )
	=	737.179	/	( (7577.262	+	8138.023)	/ 2 )
	=	737.179	/	7857.6425
	=	9.38 %

Keyware Solutions's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1280.968	/	( ( (11293.766 - 2945.727)	+	(11212.502 - 2541.489) )	/ 2 )
	=	1280.968	/	( ( 8348.039	+	8671.013 )	/ 2 )
	=	1280.968	/	8509.526
	=	15.05 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Keyware Solutions (TSE:3799) 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.

Keyware Solutions ROCE % Related Terms

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Keyware Solutions (TSE:3799) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Keyware Solutions Inc (TSE:3799) » Definitions » ROCE %

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Address

Kamikitazawa 5-37-18, Setagaya-ku, Tokyo, JPN, 156-8588

Website

http://www.keyware.co.jp

Keyware Solutions Inc is a Japan-based Information Technology (IT) service management company. It operates in two divisions including system development business and Integrated IT service business. System development business is mainly engaged in the construction and development of applications and systems related to social infrastructure. Integrated IT service division offers packaged software, hardware and support services. The company mainly caters to financial, distribution, manufacturing, communication, transportation, reporting, medical, government agency, and service industries.

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