Bit-isle (TSE:3811) ROCE % : 5.25% (As of Jul. 2015)

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What is Bit-isle 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. Bit-isle's annualized ROCE % for the quarter that ended in Jul. 2015 was 5.25%.

Bit-isle ROCE % Historical Data

The historical data trend for Bit-isle'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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Bit-isle ROCE % Chart

Bit-isle Annual Data

Trend

Jul08

Jul09

Jul10

Jul11

Jul12

Jul13

Jul14

Jul15

ROCE %

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9.77

14.12

13.34

9.81

7.45

Bit-isle Quarterly Data
	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15
ROCE %	Get a 7-Day Free Trial															5.88	7.08	10.27	6.89	5.25

Bit-isle ROCE % Calculation

Bit-isle's annualized ROCE % for the fiscal year that ended in Jul. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2015 )		(A: Jul. 2014 )		(A: Jul. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2015 )		(A: Jul. 2014 )		(A: Jul. 2015 )
	=	2206	/	( ( (37735 - 9483)	+	(41973 - 11004) )	/ 2 )
	=	2206	/	( (28252	+	30969)	/ 2 )
	=	2206	/	29610.5
	=	7.45 %

Bit-isle's ROCE % of for the quarter that ended in Jul. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2015 )		(Q: Apr. 2015 )		(Q: Jul. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2015 )		(Q: Apr. 2015 )		(Q: Jul. 2015 )
	=	1592	/	( ( (40228 - 10494)	+	(41973 - 11004) )	/ 2 )
	=	1592	/	( ( 29734	+	30969 )	/ 2 )
	=	1592	/	30351.5
	=	5.25 %

(1) Note: The EBIT data used here is four times the quarterly (Jul. 2015) EBIT data.

Bit-isle (TSE:3811) 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.

Bit-isle ROCE % Related Terms

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Bit-isle (TSE:3811) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Bit-isle Inc (TSE:3811) » Definitions » ROCE %

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Address

Website

http://www.bit-isle.co.jp

Bit-isle Inc is engaged in the data center business, eveloping a comprehensive business IT outsourcing services to the axis 3 iDC services, managed services and solutions services.

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