Enechange (TSE:4169) ROCE % : -23.88% (As of Sep. 2023)

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What is Enechange 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. Enechange's annualized ROCE % for the quarter that ended in Sep. 2023 was -23.88%.

Enechange ROCE % Historical Data

The historical data trend for Enechange'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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Enechange ROCE % Chart

Enechange Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

18.13

-33.91

-0.35

0.37

-23.13

Enechange Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial										-26.63	-50.65	-37.85	-77.19	-23.88

Enechange ROCE % Calculation

Enechange's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1207.249	/	( ( (6949.357 - 1184.889)	+	(6758.823 - 2083.205) )	/ 2 )
	=	-1207.249	/	( (5764.468	+	4675.618)	/ 2 )
	=	-1207.249	/	5220.043
	=	-23.13 %

Enechange's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-780.008	/	( ( (5618.173 - 2262.984)	+	(6199.984 - 3022.25) )	/ 2 )
	=	-780.008	/	( ( 3355.189	+	3177.734 )	/ 2 )
	=	-780.008	/	3266.4615
	=	-23.88 %

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

Enechange (TSE:4169) 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.

Enechange ROCE % Related Terms

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Enechange (TSE:4169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Enechange Ltd (TSE:4169) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-6-2 Otemachi, 3rd Floor, Nihon Building, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

https://www.enechange.co.jp

Enechange Ltd is a energy switching platform for consumers, and cloud based SaaS applications namely EMAP (digital marketing), SMAP (AI-based smart meter analytics) for energy companies.

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